UPDATE: Canaccord Genuity Reduces PT to $25 on Texas Instruments on Revenue and Margin Headwinds

Canaccord Genuity reiterated its Hold rating on Texas Instruments 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.