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Fly News Breaks for January 23, 2020
TXN
Jan 23, 2020 | 06:20 EDT
Nomura Instinet analyst David Wong raised his price target for Texas Instruments to $120 from $106 and keeps a Neutral rating on the shares. While the company's March quarter guidance was slightly above the consensus estimate, it still represents a meaningful year-over-year decline despite being against an easy comparison, Wong tells investors in a post-earnings research note. However, the analyst continues to expect a semiconductor industry recovery in 2020.
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