Texas Instruments upgraded to Buy from Hold at Stifel

Stifel upgraded Texas Instruments (TXN) to Buy from Hold with a price target of $250, up from $215. Following a six-year investment cycle that constrained profitability and returns, Texas Instruments is well positioned to capture market share in the next analog upcycle and return to strong free cash flow generation, the analyst tells investors in a research note. The firm believes the company is entering a period where “multiple tailwinds support the outlook.”