Truist analyst William Stein lowered the firm’s price target on Texas Instruments to $198 from $203 and keeps a Hold rating on the shares. Texas Instruments’ capital update call revealed why the company has limited flexibility to spend less than $5B per year on capex through the first half of 2026 and reveal that the company will have flexibility starting in 2H26 to spend significantly less, if demand conditions are not robust, the analyst tells investors in a research note.
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