STMicroelectronics N.V. : No, this definitely is not a change in the story …
>Outperform rating maintained, 2023 EPS estimates raised by 4%, and target upped from € 58 to € 60, with the stock even more undervalued than before the release - Yesterday, STM’s shares had a very rough ride, despite its excellent results, notably on the outlook for the gross margin in H2. While the latter is set to contract on the exceptionally high level in H1, we think the market’s reaction is very overdone as this information was not really new. Looking beyond th...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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