Report
Maissa Keskes ...
  • Martin Marandon-Carlhian
  • Stephane Houri

STMicroelectronics N.V. : Recovery more rapid than anticipated, helping to absorb the Huawei shock without too much difficulty - Buy vs Neutral

>Upgrade to Buy to play the stronger-than-anticipated recovery - Jean Marc Chery, CEO of STMicroelectronics attended the conference of a competitor (free access webcast) with an upbeat tone 1/ not only on Q3 2020 which came in “above the middle of the forecast range”, 2/ but also on trends at several of the group’s divisions for the end of the year and for 2021 and 3/ on the group’s capacity to achieve its sales target of $ 12bn (the time frame will be announced in De...
Underlying
STMicroelectronics NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Maissa Keskes

Martin Marandon-Carlhian

Stephane Houri

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