Texas Instruments price target raised to $196 from $171 at Truist

Truist raised the firm’s price target on Texas Instruments (TXN) to $196 from $171 and keeps a Hold rating on the shares. Management characterized Q2 demand as strong, customer inventories as lean, and tariffs as mere noise but unless Texas Instruments delivers significant upside to Q3 guidance, or sales growth re-accelerates later, the Q2 result looks like peak growth this cycle, the analyst tells investors in a research note.