BofA Lifts Texas Instruments to Neutral After Strong Q1 Guide; Raises Price Target to $235
BofA Securities upgraded Texas Instruments from Underperform to Neutral and raised its price target to $235 from $185 after the company reported in-line fourth-quarter results and provided a first-quarter revenue outlook that exceeded expectations. The bank cited improving backlog and order trends, robust data center demand, and potential for susta…