Bernstein Downgrades Texas Instruments to Underperform, Announces $145 Price Target
Portfolio Pulse from richadhand@benzinga.com
Bernstein analyst Stacy Rasgon has downgraded Texas Instruments (NASDAQ:TXN) from Market Perform to Underperform and set a price target of $145.
August 30, 2023 | 8:50 am
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Texas Instruments has been downgraded to Underperform by Bernstein with a price target of $145.
The downgrade from Market Perform to Underperform by Bernstein indicates a negative outlook for Texas Instruments. The price target of $145 may also suggest that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100