Evercore ISI raised the firm’s price target on Texas Instruments to $225 from $213 and keeps an Outperform rating on the shares after Q1 EPS and Q2 EPS guidance met expectations, but revenue results and guidance beat expectations by 130 and 150 basis points, respectively. The firm sees five momentum indicators that “signal that it is time to buy,” including year-over-year revenue troughing, next-twelve months earnings troughing, and free cash flow per share troughing.
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