In a report published Tuesday, Morgan Stanley analyst Joseph Moore reiterated an Equal-Weight rating on Texas Instruments TXN, and raised the price target from $42.00 to $45.00.
In the report, Morgan Stanley noted, “TI posted solid upside and sees no correction in sight. While we continue to budget for deceleration in analog the next couple of quarters in line with what peers are seeing, much lower opex and slightly better gross margins drive our estimates higher.”
Texas Instruments closed on Monday at $44.41.
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