Market Overview

UPDATE: Deutsche Bank Raises PT on Texas Instruments on Solid 1Q Results

Share:
Related TXN
7 Biggest Price Target Changes For Monday
4 Reasons To Buy Texas Instruments Shares Right Now
Altria: Income And Growth Together In A Defensive Business (Seeking Alpha)

In a report published Tuesday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Texas Instruments (NASDAQ: TXN), and slightly raised the price target from $31.00 to $32.00.

In the report, Poole noted, “TXN delivered solid 1Q results with slight upside to DBe coming from Wireless and to a lesser extend Embedded. Looking forward, 2Q was also in-line, with opex reductions being primary upside to EPS. While we expect TXN to continue streamlining operations with the Wireless exit, we believe this improved profitability and leverage are reflected in the stock's premium valuation.”

Texas Instruments closed on Monday at $34.81.

Latest Ratings for TXN

DateFirmActionFromTo
Jan 2017Credit SuisseUpgradesNeutralOutperform
Dec 2016Summit Redstone PartnersInitiates Coverage OnBuy
Dec 2016SusquehannaInitiates Coverage OnPositive

View More Analyst Ratings for TXN
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (TXN)

View Comments and Join the Discussion!