Fly News Breaks for July 25, 2018
TXN
Jul 25, 2018 | 09:00 EDT
Jefferies analyst Mark Lipacis raised his price target for Texas Instruments to $157 saying his conviction is increased following last night's Q2 results. The Street is underestimating the company's revenue growth and margin potential, Lipacis tells investors in a research note. He believes Texas Instruments' operating margins will expand another 1,000 basis points over the next 3-to-5 years to 50%. Lipacis reiterates a Buy rating on the shares.
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