STMicroelectronics N.V. : Road show feedback – The group’s capacity for outperformance is not just a one-off, it is structural – TP increased to € 23 (vs € 21)
>Buy rating reiterated and target price of € 23 (vs € 21) - Following a road show in Canada with Barlow Steibel (investor relations), we reiterate our Buy rating and increase our target price from € 21 to € 23, based on a revaluation of peer multiples in our SOP since our last update. In line with the management’s statements during the last few investor conferences, the group offered reassurance, repeating the scenario for the year end, namely sequential growth in Q3 ...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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