Tower Semi (TSEM) Tops Q4 EPS by 25c, Offers Q1 Guidance

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Go back to Tower Semi (TSEM) Tops Q4 EPS by 25c, Offers Q1 Guidance

Tower Semiconductor (TSEM) PT Raised to $18 at Imperial Capital Following Solid Q4

February 24, 2015 9:57 AM EST

Imperial Capital analyst Ashok Kumar reiterated an Outperform rating and boosted his price target on Tower Semiconductor (NASDAQ: TSEM) to $18.00 (from $15.00) following Q4 results.

Kumar commented, "TSEM reported strong year-end results from core customer growth, new customer additions, and improving operational profitability. The company reported 34% year-over-year (yoy) revenue... More