After Credit Suisse and Deutsche Bank gave Stmicroelectronics NV (NYSE: STM) a Buy rating last month, the company received another Buy, this time from Oddo Securities. Analyst Stephane Houri maintained a Buy rating on Stmicroelectronics NV yesterday and set a price target of $22. The company’s shares opened today at $17.86.
According to TipRanks.com, Houri is ranked #3891 out of 5238 analysts.
Stmicroelectronics NV has an analyst consensus of Strong Buy, with a price target consensus of $20.76, representing a 16.2% upside. In a report issued on July 2, Credit Suisse also maintained a Buy rating on the stock with a $19 price target.
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The company has a one-year high of $24.40 and a one-year low of $12. Currently, Stmicroelectronics NV has an average volume of 3.79M.
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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.
