U.S. Stock Movement | STMicroelectronics rises over 7% after Jefferies upgrades rating to "Buy"
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On Wednesday, STMicroelectronics' stock price rose, and as of the time of writing, the stock was up over 7%, trading at $26.22. In terms of news, Jefferies upgraded the stock rating to "Buy." The firm's analysts stated in a client report that STMicroelectronics' revenue and gross margin are expected to see a slight improvement in the second quarter of 2025, with a stronger rebound anticipated in the second half of the year
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