Texas Instruments (TXN) PT Raised to $78 at Mizuho Securities on 1Q Report; 'Inline Q & Guide, Auto & Industrial Strong'

Mizuho Securities raised its price target on Texas Instruments (NASDAQ: TXN) to $78.00 (from $75.00) while maintaining a Neutral rating, following the company, following the company's first quarter earnings report.

Analyst Vijay Rakesh notes the company reported first quarter revenue results slightly above estimates, while EPS came in 14c above projections, driven by growth in analog, automotive and industrial segments, as management offered in-line guidance for the second quarter.

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