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Fly News Breaks for November 30, 2017
TSEM
Nov 30, 2017 | 08:24 EDT
Needham analyst Rajvindra Gill raised his price target on TowerJazz to $50 and kept his Strong Buy rating after the Analyst Day. Gill says he was impressed with the presentation on the company's future growth opportunities - both in its current product pipeline, RF, Sensors, as well as the strategic capacity expansion prospects. The analyst is also positive on the company's exposure to the Automotive Analog market, which is growing at a compound annual growth rate of 10%.
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