Texas Instruments price target lowered to $200 from $210 at Barclays

Barclays analyst Tom O’Malley lowered the firm’s price target on Texas Instruments (TXN) to $200 from $210 and keeps an Equal Weight rating on the shares. The firm says the company’s auto segment is better on China, which grew 20% the last two quarters. This is offset by weaker Industrial, leading to another cut and a stock “that still looks more expensive,” the analyst tells investors in a research note.