STMicroelectronics N.V. : We remain at Buy, despite the dampened expectations yesterday…
>We expected a new target for 2025, but we got a warning - ST yesterday held the fourth part of its CMD devoted in particular to the presentation of its long-term financial targets. Out of the blue, the group issued a warning. Whereas we expected it to announce a sales target of $ 15bn in 2025, the group reiterated its target of $ 12bn, but pushing it back by one year to 2023. ST also lowered its operating margin target to 15-17% (vs 17-19% previously) and its gross m...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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