Analyst Praises Chip Stock's Advantage Over Peers

UBS upgraded the shares of chipmaker Texas Instruments Incorporated (NASDAQ:TXN) to "buy" and hiked its price target to $195 from $170. Texas Instruments had already lifted its revenue for cast for 2024 and 2025, adding to UBS' confidence that the semiconductor company should be among the first in its sector to see higher orders amid lesser reliance on distribution.  In response to the bull note, TXN was last seen 3.1% higher at $172.12 and pacing to extend its gains after yesterday snapping five-day losing ...