Texas Instruments (TXN) Tops Q1 EPS by 3c; Guides Q2 EPS, Revenue

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Texas Instruments (TXN) PT Increases After Beat/Raise - Sterne Agee CRT

April 28, 2016 8:27 AM EDT

Sterne Agee CRT analyst, Douglas Freedman, raised his PT on Texas Instruments (NASDAQ: TXN) to $66 and believes that management's consignment strategy, continued investment in core businesses (auto + industrial), and the ongoing 300mm fab conversion should help the company navigate through the still challenging macro environment. No change to Buy rating.

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