Susquehanna Initiates Coverage On Tower Semiconductor with Neutral Rating, Announces Price Target of $36
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Medhi Hosseini initiates coverage on Tower Semiconductor (NASDAQ:TSEM) with a Neutral rating and a price target of $36.
February 29, 2024 | 11:01 am
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NEUTRAL IMPACT
Susquehanna initiated coverage on Tower Semiconductor with a Neutral rating and set a price target of $36.
The initiation of coverage by Susquehanna with a Neutral rating and a specific price target provides investors with a new analytical perspective on Tower Semiconductor. However, the Neutral rating suggests that the analyst sees the stock as fairly valued at its current price, implying no significant short-term price movement expected from this announcement alone.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100