Evercore ISI lowered the firm’s price target on Texas Instruments (TXN) to $236 from $248 and keeps an Outperform rating on the shares. After a 12% drop in after-hours trading due to underwhelming revenue guidance for September, this dip presents a buying opportunity, the firm says. Historically, Texas Instruments has shown a pattern of early-cycle corrections that have been followed by strong recoveries.
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