Baird analyst Tristan Gerra lowered the firm’s price target on Texas Instruments to $125 from $130 and keeps a Neutral rating on the shares. The firm said the analog downcycle is now in full swing, characterized by normalizing lead times and the beginning of pricing pressures. While under-utilization charges may bring supply/demand back to normal earlier than in prior down cycles, Baird expects pricing pressures to intensify.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TXN:
- Texas Instruments (NASDAQ:TXN): Q1 Outlook Weighs on Stock Price
- TI reports Q4 2023 and 2023 financial results and shareholder returns
- Options Volatility and Implied Earnings Moves Today, January 23, 2024
- Texas Instruments initiated with a Neutral at Cantor Fitzgerald
- Options Volatility and Implied Earnings Moves This Week, January 22 – January 26, 2024