J.P. Morgan states buyers should really ignore any around-term softness in the chip business and acquire Taiwan Semiconductor Producing Firm shares for the company’s sturdy long run prospects.
On Tuesday, analyst Gokul Hariharan reiterated his Chubby ranking for
TSMC
(ticker:
TSM
). The analyst also reaffirmed his $650 Taiwan greenback rate target for TSMC’s Taiwan-traded shares. The forecast represents about 33% upside from present stages in TSMC’s American depositary receipts.
J.P. Morgan states buyers should really ignore any around-term softness in the chip business and acquire Taiwan Semiconductor Producing Firm shares for the company’s sturdy long run prospects.
On Tuesday, analyst Gokul Hariharan reiterated his Chubby ranking for
TSMC
(ticker:
TSM
). The analyst also reaffirmed his $650 Taiwan greenback rate target for TSMC’s Taiwan-traded shares. The forecast represents about 33% upside from present stages in TSMC’s American depositary receipts.
