Bernstein analyst Sara Russo downgraded STMicroelectronics (STM) to Market Perform from Outperform. The company has not provided formal guidance for 2025, leaving investors with a challenging view for the year ahead “with no clear bottom in sight,” the analyst tells investors in a research note. The firm stops short of finding a structural change to the longer-term growth outlook, but steps to the sidelines, awaiting more confidence in STM’s growth trajectory towards 2026 and medium-term guidance for 2027 and 2028.
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