0257 GMT - United Microelectronics is likely to benefit from its planned price increases, Daiwa Capital Markets analysts say in a research report. The semiconductor foundry recently issued a letter of notice to clients about its intention to raise prices. These intended price increases, estimated at 2%-5% by Daiwa, are expected to partially take effect from 2H, boosting the Taiwanese company's average selling prices and supporting margins. The brokerage lifts its 2026-2027 EPS forecasts for UMC by 10%-15% to reflect coming price increases. It raises the stock's target price to NT$71.00 from NT$59.50, with its hold rating unchanged. Shares are 4.8% higher at NT$81.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 03, 2026 22:57 ET (02:57 GMT)
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