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Fly News Breaks for March 18, 2015
TXN
Mar 18, 2015 | 06:34 EDT
Citigroup sees upside to the 2015 consensus estimates for Texas Instruments as it believes the numbers assume lower growth than last year while overall semiconductor demand is as good as last year. Citi says its channel checks indicate semiconductor demand is strong with the only soft spots being the communications and desktop/notebook end markets. It points out Texas Instruments has lower exposure to the weaker areas. Citi raised its price target for shares to $66 from $63 and reiterates a Buy rating on the name.
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