Texas Instruments price target lowered to $173 from $175 at Citi

Citi lowered the firm’s price target on Texas Instruments to $173 from $175 and keeps a Neutral rating on the shares. The company reported "good" Q1 results but guided Q2 slightly below consensus due to a continued inventory correction, the analyst tells investors in a research note. The firm continues to believe the auto end market will correct and result in "subdued" margins and earnings for Texas Instruments.