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Fly News Breaks for December 19, 2016
TSEM
Dec 19, 2016 | 09:24 EDT
Needham analyst Rajvindra Gill says his top stock pick for 2017 is Tower Semiconductor, noting that it has gained market share in the CMOS image sensor space as well as in the RF front-end module space and continues to ramp utilization rates. Moreover, the analyst believes the stock current levels represent an opportunity for investors to capitalize on a continual net profit, margins, and free cash flow growth story. He reiterates a Strong Buy and $25 price target on the shares.
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