Barclays Maintains Overweight on Taiwan Semiconductor, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Simon Coles maintains an Overweight rating on Taiwan Semiconductor (NYSE:TSM) and raises the price target from $150 to $170.
June 05, 2024 | 3:18 pm
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Barclays analyst Simon Coles has maintained an Overweight rating on Taiwan Semiconductor (NYSE:TSM) and increased the price target from $150 to $170.
The increase in the price target from $150 to $170 by Barclays, along with the maintained Overweight rating, suggests a positive outlook for Taiwan Semiconductor. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100