Sterne Agee cuts its rating on Texas Instruments (TXN -0.1%) to Neutral from Buy, citing...

|About: Texas Instruments Inc. (TXN)|By:, SA News Editor

Sterne Agee cuts its rating on Texas Instruments (TXN -0.1%) to Neutral from Buy, citing weakening industrial markets in the U.S. and China which should dampen second-half seasonal upside. Industrial markets will become more important to TXN after closing its acquisition of National Semiconductor, which gets about half its revenue from industrial customers, Agee says.