Texas Instruments price target raised to $330 from $240 at Rosenblatt

Rosenblatt analyst Kevin Cassidy raised the firm’s price target on Texas Instruments (TXN) to $330 from $240 and keeps a Buy rating on the shares. Texas Instruments “delivered a strong beat-n-raise” as the company was able to respond to increasing industrial and data center demand, says the analyst, who views management’s long term strategy for building manufacturing capacity and inventory as on that “seems to be delivering.”