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Fly News Breaks for October 23, 2019
TXN
Oct 23, 2019 | 08:09 EDT
RBC Capital analyst Mitch Steves lowered his price target on Texas Instruments to $124 and kept his Sector Perform rating after its Q3 revenues came in a "tad below" expectations and Q4 guidance also missed forecasts. The analyst notes that the broad-based weakness in semiconductors remains evident, even though he sees the company as "one of the best-in-class" assets over the 5-10 year time frame. Steves adds that the valuation on Texas Instruments appears "full".
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