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Fly News Breaks for January 23, 2020
TXN
Jan 23, 2020 | 07:54 EDT
Following a "beat and raise" report from Texas Instruments, Jefferies analyst Mark Lipacis noted that the company said it sees signs of stabilization in the market and it believes the inventory correction is largely over. Lipacis, who expects a robust inventory restock in 2020, said Texas Instruments remains his top large-cap pick and he raised his price target on the stock to $164 following the earnings report while keeping a Buy rating on TI shares.
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