TowerJazz Reports Increase in Net Profit
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Tower Semiconductor (TSEM) PT Raised to $45 at Needham & Company
November 8, 2017 8:08 AM ESTNeedham & Company raised its price target on Tower Semiconductor (NASDAQ: TSEM) to $45.00 (from $35.00) while maintaining a Buy rating.
Analyst Rajvindra Gill highlights that while results were in-line they believe TSEM 1) is targeting fast growing products/markets (20%+ organic rev.) 2) has multiple avenues for capacity expansion.
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