Chipmaker Texas Instruments expects revenue hit due to reduced demand

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Texas Instruments (TXN) PT Lowered to $203 at Jefferies, Buyers Despite Guide Down

April 27, 2022 8:01 AM EDT

Jefferies analyst Mark Lipacis lowered the price target on Texas Instruments (NASDAQ: TXN) to $203.00 (from $220.00) while maintaining a Buy rating, saying they are buyers of the stock following results.

The analyst commented, "We're buyers of TXN after it guided 2Q EPS 10% below... More