Wedbush analyst Matt Bryson downgraded UMC (UMC) to Neutral from Outperform with a price target of NT$45, down from NT$50.
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Read More on UMC:
- UMC Reports Strong March Sales and Announces Q1 Investor Conference
- UMC reports March sales NT$19.86M
- Strategic Merger Potential Between UMC and GlobalFoundries: Opportunities and Challenges
- GlobalFoundries merging with UMC likely ‘difficult and complicated,’ says BofA
- UMC Addresses Merger Speculation with GlobalFoundries
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