Summit Insights upgraded Texas Instruments (TXN) to Buy from Hold. The company is seeing a cyclical recovery in the PC, smartphone, consumer, enterprise systems, and communications infrastructure end markets, and the firm anticipates earnings outperformance in 2025 as cyclical demand recovery gains momentum, the analyst tells investors in a research note. While global industrial and automotive end-markets remained mixed, Texas Instruments is also seeing gains in the China EV market, the firm added.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXN:
- Texas Instruments reports Q3 EPS $1.47, consensus $1.38
- Texas Instruments sees Q4 EPS $1.07-$1.29, consensus $1.34
- Texas Instruments CEO: Industrial continued to decline sequentially
- Notable companies reporting after market close
- Texas Instruments options imply 4.6% move in share price post-earnings