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<Research>BofAS Lifts TSMC (TSM.US) TP to US$250, Rating Buy
Recommend 2 Positive 2 Negative 1 |
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BofA Securities has released a research report raising its TP for TSMC (TSM.US)'s US shares from US$215 to US$250, while reiterating a Buy rating to reflect its stronger 3Q results and 4Q guidance, enhanced AI capabilities, and solid industry leadership. In addition, the continued growth in TSMC's FY24 capital expenditure and the optimistic tone for FY25 capital expenditure will further support its development prospects. AAStocks Financial News |
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