Information Provided By:
Fly News Breaks for October 23, 2019
TXN
Oct 23, 2019 | 07:08 EDT
SunTrust analyst William Stein lowered his price target on Texas Instruments to $122 and kept his Hold rating after its "weak but not surprising" Q3 results. The analyst notes that the quarter suggests that industry fundamentals will not bottom until Q4, stating that the guidance for next quarter was "especially surprising" and reflects further deceleration in sales while pushing the bottom of the cycle timing by one quarter. Stein adds that all of the company's end markets saw weakness, but Communications was "particularly bad", falling 20% from last quarter and 35% from last year.
News For TXN From the Last 2 Days
There are no results for your query TXN