Baird lowered the firm’s price target on STMicroelectronics (STM) to $23 from $30 and keeps a Neutral rating on the shares. The firm said the downcycle is unfolding and inventories remain high.
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Read More on STM:
- STMicroelectronics price target lowered to EUR 29 from EUR 30 at JPMorgan
- STMicroelectronics price target lowered to $23 from $25 at TD Cowen
- STMicroelectronics price target lowered to $28 from $33 at Susquehanna
- STMicroelectronics Reports 2024 Financial Performance
- STMicroelectronics Earnings Call: Strategic Moves Amid Challenges
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