TSMC named a ‘Catalyst Driven Idea’ at Morgan Stanley

Morgan Stanley analyst Charlie Chan named TSMC as a "Catalyst Driven Idea" ahead of the company reporting Q4 results and providing Q1 guidance on Thursday, January 12. Chan, who thinks gross margins may surprise to the upside given TSMC’s wafer price hikes, keeps an Overweight rating and NT$700 price target on TSMC shares into the results.