Texas Instruments price target lowered to $174 from $178 at Truist

Truist analyst William Stein lowered the firm’s price target on Texas Instruments to $174 from $178 and keeps a Hold rating on the shares. The company delivered “good results” in Q2 but also appears to be facing a little more pressure than expected, the analyst tells investors in a research note. Truist adds while consumer demand is improving sequentially, the recovery for Texas Instruments either seems delayed or the company is losing share, noting that the firm favors other semis that offer better growth vs. valuation.