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Analysts Offer Insights on Technology Companies: Texas Instruments (TXN) and Teledyne Technologies (TDY)

Tipranks - Thu Apr 23, 10:34PM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Texas Instruments (TXN) and Teledyne Technologies (TDY) with bullish sentiments.

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Texas Instruments (TXN)

TD Cowen analyst Joshua Buchalter assigned a Buy rating to Texas Instruments yesterday and set a price target of $300.00. The company’s shares closed last Wednesday at $236.31.

According to TipRanks.com, Buchalter is a 5-star analyst with an average return of 29.4% and a 68.5% success rate. Buchalter covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Advanced Micro Devices, and Lattice Semiconductor. ;'>

Currently, the analyst consensus on Texas Instruments is a Moderate Buy with an average price target of $233.43, which is a -1.3% downside from current levels. In a report issued on April 9, Stifel Nicolaus also upgraded the stock to Buy with a $250.00 price target.

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Teledyne Technologies (TDY)

In a report released yesterday, Joseph C Giordano from TD Cowen maintained a Buy rating on Teledyne Technologies, with a price target of $750.00. The company’s shares closed last Wednesday at $656.69.

According to TipRanks.com, Giordano is a 5-star analyst with an average return of 12.5% and a 63.8% success rate. Giordano covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Ralliant Corporation, and Rockwell Automation. ;'>

Currently, the analyst consensus on Teledyne Technologies is a Moderate Buy with an average price target of $702.86, which is a 5.7% upside from current levels. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $735.00 price target.

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