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Fly News Breaks for January 23, 2020
Jan 23, 2020 | 06:47 EDT
SunTrust analyst William Stein raised his price target on Texas Instruments (TXN) to $134 after its Q4 earnings beat, saying the results also confirmed that the "demand theme" in semiconductor and component names is stabilizing. The analyst further points to the company's respective 30bps and 100bps beats in gross and operating margins, but still keeps his Hold rating on the stock and contends that there is "better value" in analog / mixed-signal companies such as Monolithic Power (MPWR), Analog Devices (ADI), and NXP Semiconductors (NXPI).
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