TD Cowen raised the firm’s price target on Texas Instruments (TXN) to $240 from $225 and keeps a Buy rating on the shares. The firm updated its model following is Q4 results which came in better than expectations and guidance was above seasonal growth with grossmargins following suit.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXN:
- Texas Instruments price target raised to $260 from $245 at UBS
- Texas Instruments price target raised to $250 from $220 at Benchmark
- Texas Instruments price target raised to $160 from $145 at Mizuho
- Texas Instruments price target raised to $175 from $156 at Goldman Sachs
- Texas Instruments price target raised to $180 from $175 at Morgan Stanley