U.S. CPI, Saudi Pushback, Earnings Season Ramp-Up - What's Moving Markets

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JPMorgan Defending Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (TSM), Pounds Table 'Time to buy, with 50+% potential upside to PT'

October 17, 2022 4:01 AM EDT

JPMorgan analyst Gokul Hariharan reiterated an Overweight rating and NT$650.00 price target on Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (NYSE: TSM).

The analyst comments "YTD, we have advocated TSMC as a relative OW in semis while not seeing much absolute upside to the stock. However, with the recent focus on accelerated order cuts from customers,... More