Texas Instruments shares are trading higher after UBS upgraded the stock from Neutral to Buy and raised its price target from $170 to $195.
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments (TXN) shares have risen following an upgrade by UBS from Neutral to Buy, with a price target increase from $170 to $195.

January 19, 2024 | 4:11 pm
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UBS upgraded Texas Instruments from Neutral to Buy and increased 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 a better-than-previously-expected performance and outlook for the company. The increase in price target by UBS reflects a confidence in Texas Instruments' future growth and profitability, which can encourage investors to buy shares, potentially driving up the price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100