UMC Reports First Quarter 2024 Results
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Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
April 24, 2024 11:47 AM EDTCiti analyst Roland Shu upgraded United Microelectronics Corp (2303:TT) (NYSE: UMC) from Neutral to Buy with a price target of NT$58.00 (from NT$52.80).
The analyst comments "UMC posted better-than-expected 1Q24 results. 1Q24 sales remain stable at NT$54.6bn (down 0.6% QoQ, up 0.8% YoY)... More
