Barclays raised the firm’s price target on Tower Semiconductor (TSEM) to $97 from $74 and keeps an Equal Weight rating on the shares following the earnings report. The company’s SiPho commentary indicates “robust acceleration” in Q4 and beyond amid growing demand, the analyst tells investors in a research note. The firm upped estimates on SiPho acceleration post the Q3 report.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSEM: