Tower Semiconductor price target raised to $73 from $66 at Benchmark

Benchmark analyst Cody Acree raised the firm’s price target on Tower Semiconductor (TSEM) to $73 from $66 and keeps a Buy rating on the shares after having hosted executives for a fireside chat during last week’s TMT Conference. Tower “maintained a confident and optimistic outlook,” highlighting its view of a healthier company specific environment through the remainder the year and into 2026, the analyst reports following the event.