Texas Instruments price target lowered to $195 from $230 at JPMorgan

JPMorgan lowered the firm’s price target on Texas Instruments (TXN) to $195 from $230 and keeps an Overweight rating on the shares. Texas Instruments delivered better-than-expected March quarter results and provided a “solid” Q2 outlook, the analyst tells investors. However, in anticipation of a weaker macro demand environment in the the second half of the year, the firm is taking down estimates for calendar year 2025 and cites both lower earnings expectations and a lower multiple for its revised price target