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UPDATE: Williams Financial Group Upgrades STMicroelectronics to Hold on Positive But Cautious Trends

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Williams Financial Group raises its rating on STMicroelectronics (NYSE: STM) from Sell to Hold.

Williams Financial Group notes, "STMicroelectronics (STM, Hold, $5.07) looks to be seeing similar trends to many of its large diversified chip peers, in that bookings and backlog are generally stable and growing, while customer sentiment has turned more cautious and concerned over the past several weeks."

As of Thursday's close, STM traded at $5.07, near the bottom of its 12-month range.

Latest Ratings for STM

DateFirmActionFromTo
Oct 2014UBSUpgradesSellNeutral
Oct 2014CitigroupUpgradesSellNeutral
Oct 2014Morgan StanleyDowngradesEqualweightUnderweight

View More Analyst Ratings for STM
View the Latest Analyst Ratings

Posted-In: Williams Financial GroupAnalyst Color Upgrades Price Target Intraday Update Analyst Ratings

 

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