KeyBanc lowered the firm’s price target on Texas Instruments (TXN) to $220 from $240 and keeps an Overweight rating on the shares. The firm notes the company reported strong Q3 results and guided Q4 lower. Results in the quarter reflect a gradual recovery in Industrial, and quarter-over-quarter growth in Autos across all regions. However, Texas Instruments noted the cyclical recovery is occurring at a slower pace due to tariffs and macro uncertainty.
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