Goldman Sachs analyst Bruce Lu downgraded UMC (UMC) to Neutral from Buy with a $7.40 price target Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on UMC: UMC Announces Investor Event and Strategic Updates UMC reports September revenue NT$ 18.94M UMC signs MOU with Ngee Ann Polytechnic UMC Updates Investors on Conferences and Growth UMC reports August sales of NT$20.65M, up 8.94%