STM sinks on the Ftse Mib: that’s why. Kepler won’t let go

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by Davide Pantaleo

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STMicroelectronics
Ftse Mib
Twitter
Trump Donald

STM experienced a high voltage session in the wake of bad news from the US. But analysts remain bullish.

A high-voltage session today for STM that after three consecutive days on the rise and after closing yesterday’s with a rally of over 3%, today suffered a vertical collapse.

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.



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