Taiwan Semi (TSM) Shares Move Higher as Morgan Stanley Upgrades to Overweight

Shares of Taiwan Semi (NYSE: TSM) have ticked higher over just the last few minutes of trading as an analyst at Morgan Stanley issued an intraday upgrade on the stock.

The firm boosted its investment rating on TSM shares from Equalweight to Overweight, also lifting the stock's price target from NT$69 to NT$85.

Taiwan Semi shares last traded at $11.65, down 2.2% from yesterday's closing price.

For more ratings news on Taiwan Semi click here and for the rating history of Taiwan Semi click here.

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