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Citadel Reiterates Reduce and PT of $29 on Texas Instruments
Thursday, June 9, 2011 - 8:28am | 109Citadel reiterated its Reduce rating and PT of $29 on Texas Instruments (NYSE: TXN). In a research report published today, Citadel states, "Given its sell-in revenue recognition model and expectations for an increase in already elevated internal inventories... TI's earnings could be among the most...
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Bank Of America Lowers PT On TXN To $39
Thursday, June 9, 2011 - 8:17am | 125Bank of America is lowering its price target on Texas Instruments Inc. (NYSE: TXN) from $42 to $39 due to a “hiccup” with Nokia. According to Bank of America, “Lower estimates to reflect Nokia; Maintain Buy TI guided down 2Q sales by ~$120mn (3.4% of original 2Q guidance) as part of its regularly...
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Citi Retierates Buy on Texas Instruments, Reduces PT to $40
Thursday, June 9, 2011 - 8:12am | 127Citi reiterated its Buy rating on Texas Instruments (NYSE: TXN). At the same time, Citi reduced its price target on the company's stock from $42 to $40. In a research report published today, Citi states, "In general, we view TI's mid-quarter as a non-event, leaving our non-Nokia views unchanged...
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SRS Labs and HTC Sign Multi-year Licensing Agreement to Bring HD-Quality Audio to Mobile Devices
Thursday, June 9, 2011 - 8:02am | 176SRS Labs, Inc. (NASDAQ: SRSL), officially recognized as one of America's Greatest Brands and the industry leader in surround sound, audio and voice technologies, today announced it has signed a multi-year licensing agreement with HTC Corporation, a global leader in mobile innovation and design, to...
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FBR Lowers PT On Texas Instruments To $39
Thursday, June 9, 2011 - 7:42am | 148FBR Capital Markets has published a research report on Texas Instruments (NYSE: TXN) after the company showed lower baseband shipments that caused a guidance cut. In the report, FBR writes, "TI said its reduced guidance is due to weaker sales to Nokia, primarily baseband shipments but likely some...
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J.P. Morgan Reiterates Overweight Rating On Broadcom
Thursday, June 9, 2011 - 7:39am | 82According to J.P. Morgan, Broadcom (NASDAQ: BRCM) Overweight rating is reiterated. J.P. Morgan said that, after meetings with Broadcom's CFO, Eric Brandt, this week, it came away feeling confident about the growth outlook for BRCM in 2H of this year and through 2012. “The company remains laser...
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J.P. Morgan Reiterates Overweight on Texas Instruments
Thursday, June 9, 2011 - 7:30am | 120J.P. Morgan is out with its report today on Texas Instruments (NYSE: TXN), reiterating Overweight. In a note to clients, J.P. Morgan writes, "We are maintaining our December 2011 price target of $44.00, or 15.4X C12E EPS, slightly above the mid point of its historic range, and slightly above the S...
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Credit Suisse's Estimates and Price Target Changes 6/9
Thursday, June 9, 2011 - 6:56am | 345Credit Suisse made a number of estimates and price target revisions in a research report published today. UnitedHealth Group (NYSE: UNH) had its price target raised to $69 from $62. In the report, Credit Suisse states, " [the company's] growth target seems more achievable now than it did last...
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Citigroup Lowers PT On Texas Instruments To $40
Thursday, June 9, 2011 - 6:51am | 26Citigroup has lowered the price target on Texas Instruments (NYSE: TXN) from $42 to $40 and maintains its Buy rating.
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Bank of America Lowers PO On Texas Instruments To $39
Thursday, June 9, 2011 - 6:29am | 28Bank of America has lowered the price objective on Texas Instruments (NYSE: TXN) from $42 to $39 and maintains its Buy rating.
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US Stock Futures Up As Investors Await Trade, Jobless Claims Data
Thursday, June 9, 2011 - 6:19am | 517US stock futures are higher this morning, as investors are awaiting trade and jobless claims data. Futures on the Dow Jones Industrial Average gained 28 points to 12,058.00 and futures on the S&P 500 stock index rose 3.70 points to 1,280.70. Nasdaq 100 futures surged 5.00 points to 2,253.00....
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Stocks to Watch: Fresh 52-Week Highs and Lows
Thursday, June 9, 2011 - 4:33am | 823The following stocks hit new 52-week highs in Wednesday's trading session: 1) 8x8 (NASDAQ: EGHT): Shares of 8x8 hit a 52-week high of $3.97 in Wednesday's session. The stock was heavily sold into, however, finishing 7.7% lower on the day at $3.48. The year-to-date performance of 8x8 is a gain of...
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Stocks To Watch For June 9
Thursday, June 9, 2011 - 12:30am | 302Some of the stocks that may grab investor focus today are: Wall Street expects National Semiconductor Corporation (NYSE: NSM) to report its FQ4 EPS at $0.27 on revenue of $365.14 million. NSM shares dropped 0.08% to $24.57 in after-hours trading. Men's Wearhouse Inc (NYSE: MW) reported a two-fold...
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Benzinga's Top ETF Decliners, June 8th (SOXL, URA, NUGT, TAN)
Wednesday, June 8, 2011 - 6:41pm | 231Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) traded lower on Wednesday, along with the semiconductor stocks. SOXL fell 6.00%, while Applied Materials, Inc. (NASDAQ: AMAT) dropped 2.30%, and Texas Instruments Incorporated (NYSE: TXN) lost 1.80%. Global X Uranium ETF (NYSE: URA) fell 4....
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Benzinga's Top ETF Gainers, June 8th (SOXS, CZI, UCO, TVIX)
Wednesday, June 8, 2011 - 6:25pm | 204Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) led the gainers among the ETFs on Wednesday, with an increase in price of 6.05%. In the semiconductor space, Texas Instruments Incorporated (NYSE: TXN) lost 1.80%, and Applied Materials, Inc. (NASDAQ: AMAT) fell 2.30%. Direxion Daily China...