Texas Instruments price target raised to $220 from $210 at Citi

Citi raised the firm’s price target on Texas Instruments (TXN) to $220 from $210 and keeps a Buy rating on the shares. Citi also adding an “upside 30-day short-term view on Texas Instruments. The firm conducted channel checks throughout the semiconductor supply chain to see if there was any slowdown from tariff pull-ins or the trade war. It “appears the opposite is happening” with upside in the DRAM and analog verticals, the analyst tells investors in a research note. Citi still harbors fears of a slowdown, but anticipates the most upside at Microchip followed by Texas Instruments given both companies sales and margins have declined the most.