Tower Semiconductor (TSEM): Top Pick for 2017 - Needham

Needham & Company analyst, Rajvindra Gill, reiterated his Buy rating on shares of Tower Semiconductor (NASDAQ: TSEM) and named the company as his top pick for 2017. He believes that the company has gained market share in the CMOS image sensor space as well and the RF front-end module space and continues to ramp utilization rates across all fabs.

The valuation is attractive as well trading at just 10.5x CY17 EPS. No change to the price target of $25.

For an analyst ratings summary and ratings history on Tower Semiconductor click here. For more ratings news on Tower Semiconductor click here.

Shares of Tower Semiconductor closed at $19.02 yesterday.

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