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

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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.

Created by Dividend.com

This article appears in: Investing , Stocks

Referenced Stocks: TXN

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