(Boursier.com) — STMicroelectronics rose 1.6% to 43.66 euros on Monday, while the excellent publication of results from the Asian giant TSMC once again shone the stock market spotlight on the “seedling” sector. The Franco-Italian group also benefits from several broker ratings, including that of Deutsche Bank, which upgraded STM from 50 to 52 euros with a purchase notice. Oddo BHF also raised the file from 53 to 56 euros (‘outperform’).
Credit Suisse had just before resumed coverage of the file with a recommendation to ‘outperform’ and a target price of 60 euros. The Swiss broker judges STM as a “significant beneficiary of the many secular trends”… He now anticipates an average annual growth rate of the EPS over the period 2021-2025 of 17% and thus sees a significant upside potential for the forecasts of the consensus in the short and medium term. Starting this year, based on STM’s investment plans, increased foundry capacity becoming available and a favorable pricing environment, the broker believes the firm may be able to generate higher revenue growth. higher than analysts’ expectations…
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