STMicroelectronics N.V. : Q4 2020 release sets the record straight - Outperform, target raised to € 45
>Outperform rating and recommended stock status confirmed - We were surprised by the conclusion of the CMD last December, with the $ 12bn revenue target deferred from 2022 to 2023, but this Q4 2020 release, with excellent Q1 2021 guidance, more than sets the record straight. We now think the possibility of the group achieving this target as early as 2021 is a very credible prospect. On this basis and despite higher opex, we have raised our forecasts by 15% and 8% for ...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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