Stmicroelectronics NV (STM) Gets a Buy Rating from Credit Suisse
Credit Suisse analyst Achal Sultania maintained a Buy rating on Stmicroelectronics NV (STM) today and set a price target of $19. The company’s shares opened today at $16.85.
According to TipRanks.com, Sultania is ranked #4578 out of 5181 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stmicroelectronics NV with a $20.27 average price target, which is a 20.3% upside from current levels. In a report released today, Deutsche Bank also maintained a Buy rating on the stock with a $20 price target.
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Based on Stmicroelectronics NV’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $178 million. In comparison, last year the company had a net profit of $240 million.
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STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications.