TSMC price target lowered to $215 from $255 at Barclays

Barclays analyst Simon Coles lowered the firm’s price target on TSMC (TSM) to $215 from $255 and keeps an Overweight rating on the shares. The firm believes TSMC shares are already pricing in a slowdown and “thus look increasingly attractive,” the analyst tells investors in a research note. The firm says the company’s fiscal 2025 guidance was maintained which implies some slowdown in the second half of the year, “which makes sense.”