Citadel commented on Texas Instruments TXN in a report released yesterday. In the report, Citadel was negative in its assessment of the company.
Citadel writes, "After the close, TI updated its 2Q11 outlook, lowering both the midpoint and low end
of the prior range. Revenue guidance now stands at $3.36-3.50B, down from $3.41 -
3.69B prior. The reduction in EPS outlook was similar, with updated expectations calling
for $0.51-0.55 vs. $0.52-0.60. The new midpoint of revenue guidance represents a
sequential increase of 1%, which is well below the historical seasonal increase of 10%
and 4% points below the prior midpoint."
Citadel currently has a Reduce rating on Texas Instruments and a price target of $29. Shares of Texas Instruments closed at $32.67 on Wednesday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in