Wedbush Assumes Coverage on Texas Instruments (TXN) at Outperform; Position To Navigate Tough Macro & Excel Upon Recovery
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Price: $36.77 +0.46%
Rating Summary:
11 Buy, 23 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
11 Buy, 23 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade TXN Now!
Wedbush assumes coverage on Texas Instruments (NYSE: TXN) with a Outperform. PT $33.00.
Wedbush analyst says, "We view Texas Instruments’ lowering of its Q3 guidance ranges on September 8 due to a downturn in the macro economy and not as a result of an inventory correction or cyclicality in the semiconductor industry as having positive implications for the entire group. We assume coverage of TI with an OP rating and $33 PT as we believe TI is one of the better positioned big caps to navigate these uncertain times and when the macro environment recovers, likely out grow the semiconductor industry driven by (1) share gains in Analog, (2) synergies from pending acquisition of National, (3) strong position in the mobile ecosystem with OMAP, and (4) healthy balance sheet with operational leverage in the model."
For more ratings news on Texas Instruments click here and for the rating history of Texas Instruments click here.
Shares of Texas Instruments closed at $26.28 yesterday, with a 52 week range of $23.98-$36.71.
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Wedbush analyst says, "We view Texas Instruments’ lowering of its Q3 guidance ranges on September 8 due to a downturn in the macro economy and not as a result of an inventory correction or cyclicality in the semiconductor industry as having positive implications for the entire group. We assume coverage of TI with an OP rating and $33 PT as we believe TI is one of the better positioned big caps to navigate these uncertain times and when the macro environment recovers, likely out grow the semiconductor industry driven by (1) share gains in Analog, (2) synergies from pending acquisition of National, (3) strong position in the mobile ecosystem with OMAP, and (4) healthy balance sheet with operational leverage in the model."
For more ratings news on Texas Instruments click here and for the rating history of Texas Instruments click here.
Shares of Texas Instruments closed at $26.28 yesterday, with a 52 week range of $23.98-$36.71.
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