UBS revises its price target on STM

The investment bank UBS Warburg has lowered its price target on STM, French-Italian company operating in the semiconductor industry. UBS reiterated its buy opinion, however, indicating a new target price of 48 euros, well below the previous price of 63 euros. STM exchanges to 37.14 euros, up by 2.6%.

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This entry was posted on November 17th, 2009 and is filed under finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.