Bernstein upgrades Texas Instruments as margin pressures ease
Investing.com -- Texas Instruments was upgraded to Market-Perform from Underperform by Bernstein, which said signs of a cyclical recovery are emerging. The chipmaker’s shares have underperformed significantly since September 2023, trailing the broader semiconductor index and the S&P 500. However, despite deep cuts to earnings estimates, the stock has held up better than expected, analysts at Bernstein said.