Morgan Stanley Maintains Underweight on Texas Instruments, Raises Price Target to $164
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Underweight rating on Texas Instruments (NASDAQ:TXN) and raises the price target from $159 to $164.
July 26, 2023 | 3:25 pm
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Morgan Stanley maintains an Underweight rating on Texas Instruments and raises the price target from $159 to $164.
The news is directly about Texas Instruments. Morgan Stanley's decision to maintain an Underweight rating suggests they believe the stock is overvalued or there are better opportunities elsewhere. However, the increase in price target could indicate some positive sentiment. The impact on the stock price is uncertain in the short term.
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IMPORTANCE 80
RELEVANCE 100