CORRECTION: Benchmark Reiterates Buy on Tower Semiconductor, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Cody Acree has reiterated a Buy rating on Tower Semiconductor (NASDAQ:TSEM) and increased the price target from $40 to $50.
May 10, 2024 | 9:02 pm
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Benchmark analyst Cody Acree reaffirmed a Buy rating on Tower Semiconductor and raised the price target to $50, indicating a positive outlook.
The reiteration of a Buy rating combined with an increased price target usually signals strong confidence in the company's future performance. This can lead to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100