Name: TSMC (TSM) Sees Incoming End Of Inventory Correction
Uploaded: 2023-10-20T20:18:05.655
Duration: 4 min 59 s

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TSMC (TSM) was upgraded to conviction from buy and its price target was raised to $115 from $110 at Goldman Sachs. The analyst notes that TSM delivered a positive message in its 3Q earnings call citing an incoming end of the inventory correction. The analyst sees a broad-based recovery of the company’s UTR in 2024 as supported by re-stocking demand. Alex Coffey and Jenny Horne discuss TSM as the stock is up nearly 45% year-over-year. Tune in to find out more about the stock market today.

TSMC (TSM) Sees Incoming End Of Inventory Correction

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