Barclays Maintains Overweight on Taiwan Semiconductor, Raises Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Simon Coles has maintained an Overweight rating on Taiwan Semiconductor (NYSE:TSM) and increased the price target from $125 to $145.
April 02, 2024 | 6:53 pm
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POSITIVE IMPACT
Barclays has reaffirmed its Overweight rating on Taiwan Semiconductor and raised the price target from $125 to $145.
The increase in price target by Barclays, a major financial institution, is a strong positive signal for Taiwan Semiconductor. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100