BofA Securities downgraded Texas Instruments (NASDAQ: TXN) from Neutral to Underperform and lowered its price target to $190.00 from$208.00, warning that global tariffs and limited participation in the AI investment cycle could constrain near-term growth. The firm said that while it continued to recognize the company’s strong execution and asset quality, ongoing trade-related disruptions could hinder demand recovery in the industrial economy. Unlike peers such as Infineon (IFX), Texas Instruments had minim ...