Susquehanna analyst Christopher Rolland lowered the firm’s price target on NXP Semiconductors (NXPI) to $225 from $235 and keeps a Neutral rating on the shares. The firm said its quarter showed there is still plenty of inventory to digest in Auto, and digital networking EOL weighs on Comms, but Industrial and IoT perhaps is showing signs of a bottom and trending better on early China strength.
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Read More on NXPI:
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