UBS Upgrades Texas Instruments to Buy, Raises Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri has upgraded Texas Instruments (NASDAQ:TXN) from Neutral to Buy and increased the price target from $170 to $195.
January 19, 2024 | 10:34 am
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UBS analyst Timothy Arcuri upgraded Texas Instruments from Neutral to Buy and raised the price target to $195, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or market conditions for the company. The increase in price target further reinforces the positive sentiment, suggesting that the analyst sees more value in the stock than previously estimated.
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