STM has reported solid figures during Q2 and growth is expected to accelerate over the second half of the year. Despite this, the company has trimmed its revenue guidance by 1.3% on the back of a softer than expected recovery. However, we continue to recommend STM as we believe the company is suited for long-term growth while offering a discount compared to its peers.
25 Jul 2019
Still attractive despite a slower recovery
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Still attractive despite a slower recovery
STMicroelectronics NV (STMI:WBO) | 0 0 0.8%
- Published:
25 Jul 2019 -
Author:
Hugo Paternoster -
Pages:
4
STM has reported solid figures during Q2 and growth is expected to accelerate over the second half of the year. Despite this, the company has trimmed its revenue guidance by 1.3% on the back of a softer than expected recovery. However, we continue to recommend STM as we believe the company is suited for long-term growth while offering a discount compared to its peers.