Texas Instruments (TXN) Ratings, Price Targets

Texas Instruments (NYSE: TXN) ratings and price targets.

Texas Instruments (TXN) had its “Hold” rating reiterated by Deutsche Bank (NYSE:DB).

Texas Instruments had its price target raised by Oppenheimer (NYSE:OPY) from $37.00 to $40.00. They have an “Outperform” rating on the company.

Texas Instruments had its price target raised by Stifel Nicolaus from $36.00 to $38.00. They have a “Buy” rating on the company.

Texas Instruments had its price target raised by Evercore Partners from $34.00 to $38.00.

Texas Instruments was downgraded by Kaufman Brothers from a “Buy” rating to a “Hold” rating. They have a price target of $35.00 on the company, up from $32.00.

Marathon (NYSE:MRI), Holly (NYSE:HOC) Upgraded to "Buy" on Strong Refinery Margins

While Deutsche Bank (NYSE:DB) believes the refining industry needs to be shrunk in the U.S., there is good news for companies like Marathon (NYSE:MRI) and Holly (NYSE:HOC) serving in that capacity, as margins are up and earnings will follow as a result.

Both companies were upgraded to "Buy" on enhanced margins.

Deutsche Bank said, "Demand is weak and expected to never attain its previous peaks; but more refining capacity has been added. The need is to retire refineries, a slow and painful aging process for a twilight industry. However in this note we list the many positive factors that have driven US refining margins, particularly in the MidCon, towards the upper end of the 2000-2010 range. Long MidCon: Raise Marathon to BUY, Holly to BUY, re-iterate ConocoPhillips (NYSE:COP) BUY, Frontier (NYSE:FTO) BUY, CVR Energy (NYSE:CVI) BUY."

It seems Deutsche is wrong concerning oil refinery capacity, which has caused problems in the past in the U.S. when a number of them were shut down.