Citi Reiterates Buy Rating on Texas Instruments (TXN)

Citi analyst Christopher Danely reiterated a Buy rating and $260.00 price target on Texas Instruments (NASDAQ: TXN).

The analyst comments "Yesterday after the close, TXN reported results above Consensus driven primarily by upside from China but stated tariff-related pull-ins likely drove some strength. Guidance was below Consensus, and TXN stock is trading down on the lower guide and a change in tone which appears to be due to a slowdown in orders. We view the pullback as a buying opportunity as we believe the analog upturn remains intact driven by low inventory, depressed margins and improving demand. We reiterate our Buy-rating on TXN."

For an analyst ratings summary and ratings history on Texas Instruments click here. For more ratings news on Texas Instruments click here.

Shares of Texas Instruments closed at $214.92 yesterday.

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