Texas Instruments (TXN +1.5%) gains after Caris' Craig Ellis upgrades shares to Above Average....

|By:, SA News Editor

Texas Instruments (TXN +1.5%) gains after Caris' Craig Ellis upgrades shares to Above Average. Ellis likes TI's valuation, the impact of the NSM acquisition, and the long-term outlook for its analog business. He also thinks headwinds related to the disrupted Japanese production and TI's looming exit from the baseband chip market are fading.