STMICROELECTRONICS: Expect a very strong short term momentum; the mid-term outlook looks conservative | BUY vs. NEUTRAL | EUR37 VS. EUR29.5 (+14%)
STMICROELECTRONICS - BUY vs. NEUTRAL | EUR37 VS. EUR29.5 (+14%)Expect a very strong short term momentum; the mid-term outlook looks conservative
Impressive Q4 top line
Upcoming strong Q1 guidance
We have cleared up some ambiguity of the CMD; upgrading to BUY
The negative impact on Huawei has been clearly underestimated
Yet, the mid-term outlook looks conservative
STMicroelectronics is a global independent semiconductor company that designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (“ICs”) and discrete devices. Co. offers a diversified product portfolio and develops products for a wide range of market applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems. Within its diversified portfolio, Co. is focused on developing products that leverage its technological strengths in creating customized, system-level solutions with digital and mixed-signal content.
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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