CORRECTION: Benchmark Reiterates Buy on Tower Semiconductor, Raises Price Target to $50 – Price Target Change updated
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 | 9:09 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 on the stock.
The increase in price target by a reputable analyst suggests a strong confidence in the company's future performance. This is likely to be viewed positively by investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100