STMicroelectronics (NYSE:STM) Shares Gap Up Following Analyst Upgrade

Shares of STMicroelectronics N.V. (NYSE: STM - Get Free Report) gapped up prior to trading on Thursday after Craig Hallum upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $44.86, but opened at $48.13. Craig Hallum now has a $58.00 price target on the stock. STMicroelectronics shares last