Truist Securities Maintains Hold on Texas Instruments, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein has maintained a 'Hold' rating on Texas Instruments (NASDAQ:TXN) but lowered the price target from $165 to $150.
October 25, 2023 | 5:46 pm
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NEGATIVE IMPACT
The lowered price target from Truist Securities may negatively impact Texas Instruments' stock in the short term.
Analyst ratings and price targets can significantly influence investor sentiment. The lowered price target suggests that the analyst sees less upside potential for the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100