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Fly News Breaks for June 21, 2018
TSEM
Jun 21, 2018 | 17:00 EDT
Loop Capital analyst Cody Acree initiated TowerJazz with a Buy rating and a price target of $46. Acree notes the company has made "dramatic improvements" in the competitiveness of its specialty analog foundry technologies and also boosted its manufacturing capabilities. The analyst is also positive on Tower positioning itself in a high growth niche market with limited competition where customers cannot duplicate the product internally.
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