UPDATE: Citigroup Raises PT to $34 on Texas Instruments on Industrial Demand Improvement
Posted on December 11, 2012 at 14:38 PM EST
Citigroup reiterated its Buy rating on Texas Instruments (NASDAQ: TXN ) and raised its price target from $31 to $34. Citigroup noted, "While TI's unchanged guidance is unlikely to inspire investors, we argue that indicators increasingly point to a more positive bias for "traditional chip stocks." Specifically, we are