Cantor Fitzgerald Reiterates Neutral Rating on Texas Instruments (TXN)

Cantor Fitzgerald analyst Matthew Prisco reiterated a Neutral rating and $340.00 price target on Texas Instruments (NASDAQ: TXN).

The analyst commented, "We believe TXN remains a consensus Long today within the Analog space - with bulls citing DC power exposure, capacity leverage, FCF inflection, and 2H pricing uptick. Beat and raise is widely expected, and we are hearing some agreement around our concern if seasonal+ (think a couple pts above) will be good enough for meaningful outperformance based on expectations and positioning. Primary areas of pushback to the bull thesis seems centered around sustainability of 90% Y/Y DC growth seen in 1Q, magnitude/breadth of pricing increase in 2H, and valuation which at this point is a bit more full."

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 $284.02 yesterday.

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