Barclays initiates Tower Semiconductor coverage at Overweight
Barclays started coverage of Tower Semiconductor (TSEM) with an Overweight rating and a $310 price target, citing the company as a leading silicon photonics foundry.
Barclays initiated coverage on Tower Semiconductor (TSEM) with an Overweight rating and a $310 price target, according to TheFly. The firm said Tower Semiconductor is a leading silicon photonics foundry and added that optical is set to become one of the fastest-growing segments.