Tower Semiconductor Ltd (TSEM) Posts Q1 EPS of 81c

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Go back to Tower Semiconductor Ltd (TSEM) Posts Q1 EPS of 81c

TowerJazz (TSEM) PT Raised at Ascendiant Capital

May 16, 2014 8:15 AM EDT

Ascendiant Capital analyst Cody Acree reiterated a Buy rating and boosted his price target on TowerJazz (NASDAQ: TSEM) to $15.00 (from $12.00) following Q1 results as improved visibility and cost reductions drive meaningfully positive EPS revisions.

Acree comments, "With the combination of strong organic... More