Form 6-K TAIWAN SEMICONDUCTOR For: Jan 17

Go back to Form 6-K TAIWAN SEMICONDUCTOR For: Jan 17

Taiwan Semiconductor (2330:TT) (TSM) May Be Near Bottom; PT Lowered to TWD254 - Nomura

January 17, 2019 1:34 PM EST

Nomura analyst Aaron Jeng lowered the price target on Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (NYSE: TSM) to TWD254.00 (from TWD260.00) while maintaining a Buy rating. The analyst said the guidance confirms their inventory concern, and the stock may bottom earlier than other semis.

Jeng commented,... More