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Fly News Breaks for January 23, 2020
TXN
Jan 23, 2020 | 08:17 EDT
Baird analyst Tristan Gerra said Texas Instruments posted results that suggested stabilization in end-demand, however its seasonal Q1 guidance and lack of rebound in utilization rates suggests the company has yet to see a positive inflection point in end-demand. The analyst believes there may be better visibility after the Chinese New Year but that a seasonal Q2 rebound is already priced into the shares. Gerra maintained his Neutral rating and raised his price target to $130 from $105 on Texas Instruments shares.
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