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Investing.com106d agobullish

STMicro gains as BofA upgrades stock to Buy with Street-high price target

Investing.com -- Bank of America upgraded STMicroelectronics (EPA:STMPA) (NYSE:STM) shares to Buy from Neutral on Tuesday, setting a Street-high price target of €86/$100, arguing the market is underestimating the chipmaker’s earnings power over the next two to three years.

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