UPDATE - Needham & Company Downgraded Texas Instruments (TXN) to Hold; Take Advantage of the Recent Upswing
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Price: $36.60 --0%
Rating Summary:
11 Buy, 23 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 25 | New: 12
Rating Summary:
11 Buy, 23 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 25 | New: 12
Trade TXN Now!
UPDATE - Needham & Company downgraded Texas Instruments (NASDAQ: TXN) from Buy to Hold.
Needham analyst said, "Per our earnings preview published today entitled "Don't Expect a Linear Correlation this Earnings Season" we believe that the
recent boost in share price and investor sentiment in our universe is applicable to select names and not the overall Analog/Mixed Signal group. Specifically with TXN shares we do not anticipate there to be much upside in store for investors when Q4 earnings are reported on Monday; rather we expect an in line print for Q4 and the 1.5% Q/Q consensus revenue decline may in fact turn out to be flat Q/Q or, optimistically, flat to up 2%. This is not enough, in our view, and we believe investors will be selling on the news. Additionally, TXN has exceeded our prior price target of $31."
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Needham analyst said, "Per our earnings preview published today entitled "Don't Expect a Linear Correlation this Earnings Season" we believe that the
recent boost in share price and investor sentiment in our universe is applicable to select names and not the overall Analog/Mixed Signal group. Specifically with TXN shares we do not anticipate there to be much upside in store for investors when Q4 earnings are reported on Monday; rather we expect an in line print for Q4 and the 1.5% Q/Q consensus revenue decline may in fact turn out to be flat Q/Q or, optimistically, flat to up 2%. This is not enough, in our view, and we believe investors will be selling on the news. Additionally, TXN has exceeded our prior price target of $31."
To see more ratings on TXN, Click Here
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