Texas Instruments Earnings and Guidance Spark Positive Outlook from Bank of America
Texas Instruments reported strong first-quarter earnings and revenue, leading to a 9% rise in its stock price. Bank of America upgraded its rating to 'buy' and increased its price target to $320, citing confidence in the company's industrial resurgence, data-center growth, and U.S. manufacturing capacity. The firm also expects robust free cash flow growth.
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