Tower Semiconductor Ltd (TSEM) Posts Q1 EPS of 81c

Go back to Tower Semiconductor Ltd (TSEM) Posts Q1 EPS of 81c

TowerJazz (TSEM) PT Raised at Ascendiant Capital

May 16, 2014 8:15 AM EDT

Ascendiant Capital analyst Cody Acree reiterated a Buy rating and boosted his price target on TowerJazz (NASDAQ: TSEM) to $15.00 (from $12.00) following Q1 results as improved visibility and cost reductions drive meaningfully positive EPS revisions.

Acree comments, "With the combination of strong organic... More