UPDATE: Nomura Downgrades Texas Instruments on Negative Outlook

In a report published Thursday, Nomura analyst Romit Shah downgraded the rating on Texas Instruments (NASDAQ: TXN ) from Neutral to Reduce, but reiterated the $33.00 price target. In the report, Nomura noted, “While TI's execution has been solid, we believe the company's performance is well respected and understood. TI