Market Overview

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

Related TXN
Texas Instruments Unveils New TI Receiver/Transmitter System To Charge One & Two Cell Batteries Wirelessly
Texas Instruments Expands Industrial Microcontroller Portfolio With Integrated Smart Analog To Enable Accurate And Precise Measurements
Apple Leads the Charge as Earnings Season Heats Up (Fox Business)

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
Oct 2014BernsteinUpgradesMarket PerformOutperform
Oct 2014JefferiesMaintainsBuy
Jul 2014Tigress FinancialUpgradesUnderperformNeutral

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...

Get Benzinga's Newsletters