Wells Fargo analyst Joe Quatrochi initiated coverage of Texas Instruments (TXN) with an Equal Weight rating and $215 price target The firm says that despite line of sight to the end of the company’s “aggressive” capex cycle, visibility of a demand reacceleration is limited. A more gradual cycle recovery could make it tough for Texas Instruments to meet its 2026 free cash flow target without additional capex, the analyst tells investors in a research note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXN:
- Citi says ‘almost time to buy’ semiconductor stocks again
- House Speaker Johnson says GOP may try to repeal CHIPS Act, AP reports
- Wingstop upgraded, Estee Lauder downgraded: Wall Street’s top analyst calls
- Monolithic Power downgraded at Rosenblatt on expected valuation reset
- Biden admin finalizes rule to limit investments in AI in China, Reuters says