Williams Financial Group raises its rating on STMicroelectronics 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in