Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Morgan Stanley Raises Texas Instruments to 'Strong Buy'


Morgan Stanley upgraded Texas Instruments (TXN) to strong buy from outperform.

Analyst Mark Edelstone upgraded after the company reported solid Q4 results. Texas Instruments posted an operating loss of $0.06 per share vs. $0.31 EPS. He believes Texas Instruments is well positioned to deliver positive revenue and EPS surprises going forward. He raised his breakeven 2002 estimate to $0.20 EPS and sees $0.60 2003 EPS Edelstone also raised his $40 12-month target to $45, assuming investors will use the 2003 EPS potential to value the stock.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus