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Technology Stocks : Texas Instruments - Good buy now or should we wait?
TXN 168.27+1.8%Nov 28 9:30 AM EST
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To: slacker711 who wrote (5982)3/2/2004 8:06:23 AM
From: Neil H  Read Replies (1) of 6180
 
TXN upgraded at BofA 31.02: Banc of America upgrades Texas Instruments to Buy from Neutral, raises their 2004-05 EPS ests slightly above consensus, and raises their target to $37 from $32; firm believes the improved pricing environment for semi components will generate greater gross and operating margin leverage in 2004-05, and also says checks suggest that the risk of an inventory overbuild in Q1 is now much lower.
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