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Fly News Breaks for January 23, 2020
Jan 23, 2020 | 07:10 EDT
Stifel analyst Tore Svanberg maintain his Hold rating on Texas Instruments shares following the company's December quarter beat and slightly better than expected March quarter outlook, citing what he views as a "rich" valuation. While he notes its moderate forward growth and uncertain macro conditions, Svanberg called out TI's strong free cash flow as a "bright spot." He raised his price target on the stock to $130 from $125 following the results and guidance.
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