08:17 TXN Texas Instruments upgraded to Buy at Caris- tgt $41 (34.27 ) -Update-
Caris upgrades TXN to Buy from Above Average and maintains their $41 tgt saying with Dec Qtr guidance for a seasonal revenue decline coming in below Street expectations, and investor concern over market share loss in wireless at full boil, they expect consensus sales estimates to be cut sharply, potentially removing an overhang on the stock and shifting investor focus to share gains in analog, improving gross margin, tight opex control, strong cash flow generation, and reasonable valuation.
