Texas Instruments (TXN) upgraded to Outperform by Wolfe Research

by MarketNewsData

Texas Instruments (TXN) rose 2.30% to close at $189.25 after Wolfe Research upgraded the stock from Peer Perform to Outperform with a new price target of $230.

  • The upgrade follows stronger-than-expected Q2 earnings and signs of margin improvement.
  • Wolfe sees TI’s valuation as attractive relative to peers and expects the company to benefit from improving demand in the industrial and automotive sectors.

Takeaway:
The call highlights a shift in sentiment toward TXN as macro headwinds ease and fundamentals begin to stabilize

More Live News