In a report released today, James Schneider from Goldman Sachs downgraded Texas Instruments to a Sell, with a price target of $156.00.
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James Schneider has given his Sell rating due to a combination of factors affecting Texas Instruments. The company faces limited potential for fundamental growth and lacks financial leverage in its current business model. This is attributed to specific short-term challenges that are unique to the company, which are hindering its performance.
Furthermore, while there is an overall positive outlook for the semiconductor sector, especially with the ongoing advancements in AI infrastructure, Texas Instruments is not positioned to benefit significantly from these trends. As a result, Schneider sees limited upside for the company compared to its peers, prompting the downgrade to a Sell rating.