Susquehanna Upgrades Tower Semiconductor to Positive, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Medhi Hosseini upgrades Tower Semiconductor (TSEM) from Neutral to Positive and raises the price target from $36 to $55.

May 10, 2024 | 12:52 pm
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POSITIVE IMPACT
Susquehanna upgraded Tower Semiconductor from Neutral to Positive and increased the price target to $55, indicating a bullish outlook on the stock.
The upgrade from Neutral to Positive by a prominent analyst, along with a significant raise in the price target, suggests a strong bullish sentiment towards TSEM. This is likely to positively influence investor perception and could lead to a short-term increase in the stock price as market participants adjust their positions based on this new information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100