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Texas Instruments price target lowered to $200 from $230 at Goldman Sachs

Goldman Sachs analyst James Schneider lowered the firm’s price target on Texas Instruments (TXN) to $200 from $230 and keeps a Buy rating on the shares. Goldman expects the stock to trade lower following a quarter where guidance fell well below Street estimates, the analyst tells investors in a research note. While the firm continues to see a recovery across the analog sector, peers have managed their inventory levels far more proactively, Goldman says.

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