Citigroup Raised Its PT For Texas Instruments To $42, Lowere

May 18, 2011

Citigroup raised its price target for Texas Instruments (NYSE:TXN) to $42 from $40 and maintained its buy rating on the stock.The bank sees 2011 EPS of $2.47, down from $2.49 per share, vs. consensus estimates of $2.49 per share, and 2012 EPS of $2.67, down from $2.72 per share, vs. consensus estimates of $2.82 per share.Texas Instruments has a potential upside of 9% based on a current price of $34.1 and an average consensus analyst price target of $37.15.