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

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STMicroelectronics : Statement from STMicroelectronics, following Moody's upgrade to Baa' (GuruFocus)

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
Jul 2017JP MorganUpgradesNeutralOverweight
Jun 2017Stifel NicolausUpgradesHoldBuy
Jan 2017Credit SuisseUpgradesUnderperformNeutral

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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