In CNBC’s article “Wednesday’s analyst calls: Texas Instruments upgraded by Citi, buy the dip on smartphone glass stock,” Fred Imbert and Hakyoung Kim quote analyst Robert Ohmes saying, “While the macro remains choppy, we expect progress on LOW’s Total Home strategy and PPI initiatives to support share gains, margins, and a return to algo once the macro improves,” On Wednesday, financial analysts made several important updates about major stocks. Citi upgraded Texas Instruments (TI) to a “buy” rating from “neutral,” showing a more positive outlook for the chipmaker. This upgrade follows TI’s announcement of a big cut in its 2026 capital spending forecast, dropping it from $5 billion to a range of $2 billion to $5 billion. Analysts think this will help stabilize operating margins, which are at their lowest in a decade and could lead to a significant rise in earnings per share. However, TI’s traditionally high valuation is still something to keep in mind.
In another update, Mizuho upgraded Corning, known for its smartphone glass, to “outperform” from “neutral” after a recent drop in its stock price. Even though Corning’s stock has fallen by 8.1% over the past month, it has still increased about 34% so far this year. Mizuho views the recent drop as a chance to benefit from Corning’s strong position in the tech sector.
Bank of America also kept its buy rating on Lowe’s, even though the retailer has lowered its full-year forecast. The bank believes Lowe’s will effectively carry out its Total Home strategy and improve its market share and margins once the economy stabilizes. On the other hand, Wells Fargo downgraded Sonoco Products due to concerns about the company’s financial stability amid economic uncertainties and recent acquisitions. Additionally, Raymond James is optimistic about Nvidia’s performance ahead of its upcoming earnings report, driven by ongoing high demand for AI technology.
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