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UPDATE: Canaccord Genuity Reduces PT to $25 on Texas Instruments

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Canaccord Genuity reiterated its Hold rating on Texas Instruments (NASDAQ: TXN) and lowered its price target from $28 to $25.

Canaccord Genuity said, "We remain HOLD rated on TXN and lower our estimates and price target following the company's guidance below consensus. We believe the analog vertical market will remain price competitive and track below seasonal demand, likely requiring further reductions to our estimates."

Texas Instruments closed at $27.79 on Monday.

Latest Ratings for TXN

DateFirmActionFromTo
May 2016CLSAInitiates Coverage onUnderperform
Apr 2016B. RileyMaintainsNeutral
Apr 2016Raymond JamesDowngradesStrong BuyOutperform

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Posted-In: Canaccord GenuityAnalyst Color Price Target Intraday Update Analyst Ratings

 

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