Market Overview

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

Share:
Related STM
17 Tech Companies That Will Meet With Analysts Next Week
Semtech, STMicroelectronics Collaborate to Scale LoRa Technology to Meet High-Volume Demands of IoT Applications
Will Dividend Stocks Save You In A Bear Market? (Seeking Alpha)

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 2015Craig-HallumDowngradesBuyHold
Sep 2015NatixisMaintainsBuy
Jul 2015HSBCUpgradesReduceHold

View More Analyst Ratings for STM
View the Latest Analyst Ratings

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

 

Related Articles (STM)

Get Benzinga's Newsletters