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Texas Instruments Incorporated downgraded to “Neutral” at Credit Suisse (TXN)

By Dividend.com,  October 11, 2012, 09:39:08 AM EDT

Credit Suisse downgraded Texas Instruments Incorporated ( TXN ) from "Outperform" to "Neutral".

Analysts at Credit Suisse have downgraded Texas Instruments Incorporated to "Neutral" with a $26.00 price target. The price target is -$1.16 from Wednesdays closing price. The company is down nearly 7% YTD, and is leveraged to slower macro growth.

Texas Instruments Incorporated ( TXN ) stock was mostly flat during premarket trading on Thursday.

The Bottom Line
Shares of Texas Instruments ( TXN ) have a 2.50% dividend yield, based on last night's closing stock price of $27.17. The stock has technical support in the $25-$26 price area. If the shares can firm up, we see overhead resistance around the $30-$31 price levels.

Texas Instruments Incorporated ( TXN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: TXN



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