TowerJazz (TSEM) Tops Q3 EPS by 17c
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Needham & Company Raises Price Target on Tower Semiconductor (TSEM) Following 3Q Beat and Raise
November 15, 2016 1:51 PM ESTNeedham & Company reiterated a Strong Buy rating on Tower Semiconductor (NASDAQ: TSEM), and raised the price target to $25.00 (from $20.00), following the company's 3Q earnings report. Tower reported record revenue at $326 million, a 7% Q/Q and 34% Y/Y increase. EPS beat at $0.48 compared to previous estimates of $0.41.... More
