Evercore ISI raised the firm’s price target on Texas Instruments to $268 from $255 and keeps an Outperform rating on the shares ahead of the company hosting an off-cycle Capital Management day on Tuesday, August 20. The firm, which expects that the company’s commentary will “support our view that TXN is the best FCF story in Semis,” would be buyers of Texas Instruments shares in front of the event, the analyst tells investors.
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