STMICROELECTRONICS: Supportive comments for 2020 and beyond | BUY | EUR29 vs. EUR25 (+7%)
STMICROELECTRONICS - BUY | EUR29 vs. EUR25 (+7%)Supportive comments for 2020 and beyond
Near full recovery in all end markets
2020 revenue to increase above 7.5%
Positive comments around SiC and other strategic initiatives
We maintain our Buy rating and increase our Fair Value to EUR29
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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