Mizuho analyst Vijay Rakesh raised the firm’s price target on Texas Instruments to $170 from $164 and keeps a Neutral rating on the shares. The company’s in-line guidance is better than feared, but high inventories and margins are a headwind, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXN:
- TI reports first quarter 2024 financial results and shareholder returns
- Nvidia initiated, AMD upgraded: Wall Street’s top analyst calls
- Texas Instruments initiated with an Outperform at Evercore ISI
- Taiwan Earthquake: Will Chip Supply Be Impacted?
- China Urges EV Producers to Opt for Locally Made Chips
