Texas Instruments price target raised to $215 from $190 at Wells Fargo

Wells Fargo raised the firm’s price target on Texas Instruments (TXN) to $215 from $190 and keeps an Equal Weight rating on the shares. The firm says Texas Instruments remains a preferred defensive name into Q2 EPS. While tariff pull-ins remain a key debate, investors expect a modest beat to the Street’s +5% quarter-over-quarter Q3 on improving cycle dynamics with gross margin support to 58%.