Canaccord Genuity Boosts Texas Instruments (TXN) Price Target to $33
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Price: $159.68 -2.44%
Rating Summary:
18 Buy, 23 Hold, 6 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
18 Buy, 23 Hold, 6 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Canaccord Genuity raised its price target on Texas Instruments (NASDAQ: TXN) from $28 to $33 but kept a Hold rating.
The firm comments, "With a lack of meaningful growth catalysts post the exit of OMAP for mobile devices, we reiterate a HOLD rating and increase our price target to $33. At 16x our newly introduced 2014 EPS estimate, we believe TXN is fairly valued in light of what we expect to be industry-lagging top-line growth."
For an analyst ratings summary and ratings history on Texas Instruments click here. For more ratings news on Texas Instruments click here.
Shares of Texas Instruments closed at $33.46 yesterday.
The firm comments, "With a lack of meaningful growth catalysts post the exit of OMAP for mobile devices, we reiterate a HOLD rating and increase our price target to $33. At 16x our newly introduced 2014 EPS estimate, we believe TXN is fairly valued in light of what we expect to be industry-lagging top-line growth."
For an analyst ratings summary and ratings history on Texas Instruments click here. For more ratings news on Texas Instruments click here.
Shares of Texas Instruments closed at $33.46 yesterday.
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