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by Davide Pantaleo
STM in check with high volumes. Twitter-Trump clashes
The stock stopped at 21.73 euros, with a 5.32% sinking and over 5.1 million shares traded, above the average of the last 30 days of approximately 4.9 million.
STM was today penalized by the clash between Twitter and President Trump that threatened the closure of all social media, after the San Francisco company called the tweets of the White House tenant misleading.
A clash that had the effect of weighing down the big names in the tech sector, with very negative repercussions for STM.
STM under the lens of Kepler Cheuvreux
The title did not benefit in any way from the indications received from Kepler Cheuvreux who on the one hand reiterated his view bullish with a “buy” recommendation and on the other hand raised the target price from 25 to 27 euros, a value that offers potential upside of approximately 24% compared to current market prices.
STM: analysts raise eps 2020-2021 estimates
The broker improved the estimates to take into account the improving trends in the automotive business and thus increased the earnings per share forecast by 14.9% for this year and 11.2% for the next.