Texas Instruments price target lowered to $171 from $195 at Truist

Truist lowered the firm’s price target on Texas Instruments (TXN) to $171 from $195 and keeps a Hold rating on the shares after its Q1 results. The company has cognized the potential risk to its business from the specter of tariffs, though the management also noted that for now, it’s seeing minimal impact, the analyst tells investors in a research note. The big new risk is also that the management just set expectations for a cyclical recovery that may stall out before it begins in earnest, Truist adds.