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Fly News Breaks for April 25, 2018
TXN
Apr 25, 2018 | 07:41 EDT
Texas Instruments last night reported strong results and guided above expectations due to strength from the industrial/auto end markets, Citi analyst Christopher Danely tells investors in a research note. He notes the stock is down roughly 20% since the peak in January. With Texas Instruments likely returning to above-seasonal growth over the summer, this is the last time the stock will trade at these levels, Danely contends. He reiterates a Buy rating on the shares with a $135 price target.
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