STMicroelectronics upgraded by Morgan Stanley on coming ‘robust recovery’


STMicroelectronics office building in Santa Clara, California, USA


French-Italian semiconductor company STMicroelectronics (NYSE:STM) was upgraded by Morgan Stanley on Wednesday, with the firm citing a “robust recovery” coming in the back half of next year.

“The rollover in autos/industrials is coming into view, but so too is underlying margin

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