BofA Raises Ratings on Texas Instruments and Microchip as Analog Demand Shows Early Signs of Recovery
Bank of America upgraded Texas Instruments to Neutral from Underperform and Microchip Technology to Buy from Neutral, citing early indicators of an industrial recovery and rising demand from data centers, aerospace and autos. The broker raised price targets and lifted 2026-27 earnings estimates for both companies, highlighting improving backlogs, o…