TSMC price target raised to $180 from $160 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the firm’s price target on TSMC to $180 from $160 and keeps a Positive rating on the shares. The firm ncreased estimates driven by better wafer ASP’s and raised its target due to EPS power moving up toward $10 and continued valuation re-rating.