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Fly News Breaks for January 23, 2020
TXN
Jan 23, 2020 | 08:39 EDT
RBC Capital analyst Mitch Steves raised his price target on Texas Instruments to $135 after its Q4 earnings beat and in-line guidance for Q1. The analyst states that the environment for semiconductors appears to be stabilizing with the company seeing slight improvement across all end-markets excluding communications. Steves keeps his Sector Perform rating on Texas Instruments however and anticipates its next 12 months to be "challenging".