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

Banc of America Raises Texas Instruments to 'Buy'

Banc of America upgraded Texas Instruments (TXN) to buy from neutral.

Analyst John Lau says the upgrade is based on an improved semiconductor pricing environment and on continued strength in the handset market. He believes a better pricing environment will help expand margins. Also, he believes there are reduced concerns of handset overbuild in the first quarter. He says his proprietary research survey shows pricing for catalogue components have increased 22% quarter-over-quarter in the first quarter.

Lau raised his EPS forecasts from 19 cents to 21 cents for the first quarter, from 90 cents to 98 cents for 2004, and from $1.21 to $1.30 for 2005. He upped his $32 price target to $37.

blog comments powered by Disqus