Benchmark analyst Cody Acree maintains Texas Instruments (NASDAQ:TXN) with a Buy and raises the price target from $189 to $203.
Read BofA’s Take On U.S. Light Vehicle Sales
BofA analyst John Murphy sees U.S. light-vehicle sales down ~20% year-over-year in December on a selling day adjusted basis yielding a seasonally adjusted annualized rate of 12.9 million vehicles.
Murphy said that the expected weak performance reflects depressed sales due to the ongoing supply shock.
