Bryan Garnier - STMICROELECTRONICS - BUY | EUR20 vs. EUR24.1 (+64%) Still solid fundamentals at an attractive price

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Bryan Garnier

Frederic Yoboue

STMICROELECTRONICS - BUY | EUR20 vs. EUR24.1 (+64%) Still solid fundamentals at an attractive price

STMICROELECTRONICS - BUY | EUR20 vs. EUR24.1 (+64%)
Still solid fundamentals at an attractive price

Backlash from inventory adjustments in the MCU business
Environment remains healthy for auto and industrial applications
Strong volume growth for imaging totally offset pricing pressure
The stock valuation looks attractive

25/10/2018 3 EN

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Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Frederic Yoboue

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STMICROELECTRONICS - BUY | EUR20 vs. EUR24.1 (+64%) Still solid fundamentals at an attractive price

Fielmann: margin potential unleashed

Fielmann: strong margin delivery in Q1 2025

Lhyfe: EUR53m debt financing

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