STMicro: share price down, broker reduces target
"Our EPS forecast is down 7% for 2024 and 13% for 2025", says the broker, who now expects growth of only 11% in H2-24 compared with H1-24.
We believe that ST's valuation is attractive and below the sector average. We therefore maintain our Buy recommendation, as we see long-term growth potential", concludes the analyst.
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