U.S. Stocks Move: STMicroelectronics rises nearly 6% pre-market as Berenberg is optimistic about margin expectations reset amid factory expansion

Glonghui, July 27 — A certain exchange's pre-market share price rose nearly 6%. On the news front, Berenberg raised its target price for the exchange, optimistic about the recovery of non-AI businesses. Analysts maintained a "buy" rating and significantly increased the target price from 53 euros to 68 euros. Berenberg analyst Tammy Qiu pointed out that the main reason for this target price hike is the "resetting" of profit margin expectations as the exchange is expanding its factories.