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Benzinga

Business

Lekha Gupta

Texas Instruments Stock Looks Pricey Compared To Peers, Analyst Warns

Texas Instruments TXN Vivek Arya Semiconductor

Texas Instruments,Sugar

Texas Instruments (NASDAQ:TXN) faces mounting pressure as macroeconomic headwinds collide with a rich valuation, signaling tighter near-term growth prospects for the semiconductor giant.

Bank of America (BofA) analyst Vivek Arya downgraded Texas Instruments to Underperform from Neutral and slashed the price forecast to $190 from $208.

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