Susquehanna raised the firm’s price target on Tower Semiconductor (TSEM) to $180 from $135 and keeps a Positive rating on the shares. The firm increasied estimates to reflect its quarterly results, outlook, planned capacity expansion, and updated long-term revenue/margin targets.
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Read More on TSEM:
- Tower Semiconductor price target raised to $165 from $150 at Benchmark
- Tower Semiconductor sess Q1 revenue $412M plus/minus 5%, consensus $408.38M
- Tower Semiconductor reports capex investments for growth
- Tower Semiconductor provides update on Intel capacity agreement
- Tower Semiconductor reports Q4 EPS 70c, consensus 68c