STMicro Upgraded On Euro Decline, Turnaround Efforts

By | March 20, 2015

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STMicroelectronics (STM) could benefit from the weakness of the euro, prompting analysts Friday to upgrade the Swiss company as it continues to execute a turnaround plan. Morgan Stanley analysts Francois Meunier, Andrew Humphrey and Mathias Santos Silva, in a research report Friday, upgraded STMicroelectronics to equal weight from underweight, citing a chance to capitalize on the euro weakness as the No. 1 driver for the chipmaker’s share price in Scalper1 News

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