Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Lehman Keeps 'Overweight' on Texas Instruments

Lehman Brothers keeps its overweight rating on Texas Instruments (TXN).

The stock dipped Wednesday after Texas Instruments narrowed its revenue outlook for the third quarter. But analyst Dan Niles says for the first time in a while, Texas Instruments is seeing better-than-expected demand across a broad range of semiconductor products. He notes he's also seeing pricing firming in commodity logic. Niles says though some may not consider the company's potential upside enough, he points out that the recovery in the wireless market is still in the early stages -- much like PCs and Intel were a year ago.

Niles says Texas Instruments remains his favorite semiconductor name. He raised the 33 cents 2003 earnings per share estimate to 34 cents and upped the 60 cents 2004 earnings per share estimate to 62 cents. He is keeping his $27 target.

blog comments powered by Disqus