STMicroelectronics N.V. : What to expect from the CMD on 12 May?
>Outperform recommendation reiterated in the run up to the CMD on 12 May - On 12 May, STM is to host a CMD during which the group should, in our view, 1/ reiterate its targets for 2022 (already confirmed at the Q1 2022 publication, for sales of $ 14.8bn to $ 15.3bn, i.e. +16-20%) and 2/ probably set targets out to 2025. Despite the uncertainty on global growth, in an unprecedented inflationary context, we think that the group will continue to adopt an optimistic tone...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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