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Fly News Breaks for September 7, 2016
TXN
Sep 7, 2016 | 06:19 EDT
After the company's CFO presented at his firm's Global Technology Conference, Citi analyst Christopher Danely believes Texas Instruments is unlikely to pursue an acquisition at current valuation levels. A deal looks unlikely due to Texas Instruments' preference to repurchase its own shares at similar free cash flow yields given the integration risks of acquiring another company, Danely tells investors in a research note. The analyst keeps a Buy rating on the shares with a $75 price target.
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