Truist analyst William Stein lowered the firm’s price target on Texas Instruments to $178 from $180 and keeps a Hold rating on the shares. The company’s Q1 saw solid margins, but its Q2 was a bit below consensus, with the downcycle hurting Texas Instruments a bit more than peers due to its unique product and manufacturing strategy, the analyst tells investors in a research note.
Published first on TheFly
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