Mizuho Maintains Neutral on Texas Instruments, Lowers Price Target to $164
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Neutral rating on Texas Instruments (NASDAQ:TXN) and reduced the price target from $170 to $164.
January 24, 2024 | 5:08 pm
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NEUTRAL IMPACT
Mizuho analyst Vijay Rakesh maintains a Neutral stance on Texas Instruments but lowers the price target from $170 to $164.
The reduction in price target by Mizuho reflects a slightly more cautious view on Texas Instruments' valuation, which could lead to a neutral short-term impact on the stock price. The maintenance of a Neutral rating suggests no significant change in the company's outlook, hence the score is neutral. The relevance is high as the news is directly about TXN. The importance is significant as price targets by analysts can influence investor sentiment. The confidence level is high due to the direct mention of TXN and the clear action by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100