TSMC price target raised to $145 from $125 at Barclays

Barclays raised the firm’s price target on TSMC to $145 from $125 and keeps an Overweight rating on the shares. The analyst says artificial intelligence continues to drive divergence in European Union semis. Large investments are being suggested and could start to drive increased investments in the next 12 months, but risk remains to the upside based on Barclays’ new proprietary global wafer model, the analyst tells investors in a research note.