Tower Semiconductor Analyst Raises Forecast On 'Aggressive AI-Levered Demand'

Tower Semiconductor Ltd TSEM tanked in trading on Thursday, after the company reported upbeat third-quarter results.The company reported strong results and announced higher-than-expected guidance on "aggressive AI-levered demand," according to Benchmark.Analyst Cody Acree reiterated a Buy rating on Tower Semiconductor while raising the price target from $55 to $60.The Tower Semiconductor Thesis: The company reported sales of $371 million and earnings of 57 cents per share, higher than consensus of $370 mill ...