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Fly News Breaks for July 26, 2016
TXN
Jul 26, 2016 | 07:24 EDT
Oppenheimer analyst Rick Schafer raised his price target for Texas Instruments to $80 from $70 after the company posted beat-and-raise results. The analyst continues to see Texas Instruments as a high-quality, diversified, defensive bellwether, with a best-in-class capital return profile, and expects its results and guidance to calm investor fears surrounding any Brexit-related slowdown in the auto/industrial markets. Oppenheimer has an Outperform rating on the shares.
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