Texas Instruments price target lowered to $200 from $210 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Texas Instruments to $200 from $210 and keeps a Neutral rating on the shares into Q3 earnings season. The firm sees a tale of two classes in semis, those levered to the traditional semi cycle, and those levered to the secular AI story, the analyst tells investors in a research note, adding that at the same time, the fundamental backdrop has deteriorated over the last three months, and the firm’s vision of an elongated cycle remains well intact.