Rosenblatt lowered the firm’s price target on Texas Instruments (TXN) to $200 from $245 and keeps a Buy rating on the shares. The company reported inline results despite a charge related to the closure of its older six inch fabs, the analyst tells investors in a research note. The firm sees Texas Instruments’ margins seeing pressure as reduced fab utilization is used to keep inventory flat to slightly down quarter-over-quarter.
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