STMicroelectronics stock price holds flat into earnings week as brokers lift targets
STMicroelectronics closed Friday nearly flat at 24.65 euros in Paris on 3.54 million shares. Berenberg raised its target price to 29 euros; Morgan Stanley named ST its top analog chip pick ahead of Thursday’s earnings report. The company will release fourth-quarter and full-year results Jan. 29 before the European market opens. A conference call is scheduled for 9:30 a.m. CET.
