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Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Receives Consensus Recommendation of “Hold” from Analysts

News Snapshot:

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $125.34. A number of brokerages have recently issued reports on TSM. Morgan Stanley cut shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, June 21st….

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