Tower Semiconductor price target raised to $120 from $73 at Benchmark

Benchmark raised the firm’s price target on Tower Semiconductor (TSEM) to $120 from $73 and keeps a Buy rating on the shares. Tower, which posted “another solid quarter and outlook,” led by strength in its AI Data Center levered RF Infrastructure business, continued to deliver on its “multi-quarter streak of increasingly strong results,” the analyst tells investors in a post-earnings note.