Wedbush analyst Matt Bryson raised the firm’s price target on Tower Semiconductor (TSEM) to $65 from $60 and keeps an Outperform rating on the shares. The firm notes RF Infrastructure demonstrated particularly strong results driven by continued SiPh traction, with growth for this segment reaccelerating after a brief pause last quarter. Moreover, management’s commentary suggested line of sight into strong SiPh trends into 2027.
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