Market Overview

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

Share:
Related TXN
CNBC's Stock Pops & Drops From March 4
Stocks Hitting 52-Week Highs
Apple A Kingmaker In MEMS Market (Investor's Business Daily)

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
Mar 2015CitigroupMaintainsBuy
Jan 2015Tigress FinancialUpgradesNeutralBuy
Jan 2015Deutsche BankMaintainsHold

View More Analyst Ratings for TXN
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (TXN)

Around the Web, We're Loving...