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Texas Instruments price target lowered to $200 from $205 at Susquehanna

Susquehanna lowered the firm’s price target on Texas Instruments to $200 from $205 and keeps a Positive rating on the shares. The firm said while the revenue miss was not totally unexpected, the heavy impact on GM guidance was a surprise. Given higher capex, depreciation, inventories, and lower pricing, the ultimate trough for future GMs remains uncertain.

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