Deutsche Bank raised its price target on Texas Instruments (NASDAQ: TXN) to $73.00 (from $70.00) while maintaining a Hold rating.

Analyst Ross Seymore comments "TXN once again executed well in 4Q, upsiding DBe/Street ests and the co’s below seasonal guide, while guiding to a seasonal 1Q with EPS also benefiting from accounting changes (RSU taxation). We applaud the co’s execution on steady margin/FCF improvement, but believe further upside in these metrics is largely revenue growth dependent (with US tax reform a potential positive). Overall we raise our CY17E EPS from $3.45 to $3.75 with ~half the benefit from acctg changes, but believe much of the upside is reflected in the shares. Consequently we maintain our Hold rating."