On Nov 01, major Wall Street analysts update their ratings for $STMicroelectronics (STM.US)$, with price targets ranging from $33 to $36.
TD Cowen analyst Joshua Buchalter maintains with a buy rating.
Baird analyst Tristan Gerra maintains with a hold rating.
Craig-Hallum analyst Jason Kreyer initiates coverage with a buy rating, and sets the target price at $36.
SIG analyst Christopher Rolland maintains with a buy rating, and adjusts the target price from $35 to $33.
Furthermore, according to the comprehensive report, the opinions of $STMicroelectronics (STM.US)$'s main analysts recently are as follows:
Inventory levels heading into the seasonally weaker first half of the next year are considered excessive in the absence of increased demand. This is anticipated to lead to considerable under-utilization fees and potentially the lowest gross margin in eight years for the first quarter.
Here are the latest investment ratings and price targets for $STMicroelectronics (STM.US)$ from 4 analysts:
Note:
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