Texas Instruments price target raised to $200 from $170 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Texas Instruments (TXN) to $200 from $170 and keeps a Neutral rating on the shares. The firm is seeing signs that the cycle is turning with positive commentary generally across the Analog group, and says the group is underowned. With dynamics hindering its relative positioning near-term and into the upcycle, Cantor would recommend Texas Instruments as a funding short within the group, the analyst tells investors in a research note.