Needham Maintains Buy on Taiwan Semiconductor, Lowers Price Target to $115
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Charles Shi maintains a Buy rating on Taiwan Semiconductor (NYSE:TSM) but lowers the price target from $118 to $115.
July 21, 2023 | 8:19 am
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NEUTRAL IMPACT
Needham analyst maintains a Buy rating on TSM but lowers the price target from $118 to $115.
The news is directly about TSM and is important as it comes from a reputable analyst. The lowered price target might cause some investors to reassess their positions, but the maintained Buy rating indicates continued confidence in the company's prospects. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100