Barclays Maintains Overweight on Taiwan Semiconductor, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Simon Coles maintains an Overweight rating on Taiwan Semiconductor (NYSE:TSM) and raises the price target from $145 to $150.
April 19, 2024 | 1:15 pm
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POSITIVE IMPACT
Barclays maintains an Overweight rating on Taiwan Semiconductor and raises the price target from $145 to $150.
The upgrade in price target by a reputable analyst like Simon Coles from Barclays indicates a strong confidence in Taiwan Semiconductor's future performance. This is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100