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NXP Semiconductors price target lowered to $231 from $235 at Morgan Stanley

NXP Semiconductors price target lowered to $231 from $235 at Morgan Stanley

Morgan Stanley analyst Joseph Moore lowered the firm’s price target on NXP Semiconductors (NXPI) to $231 from $235 and keeps an Equal Weight rating on the shares. NXP continues to execute on what is in the company’s control, but the recovery is somewhat end-market dependent, the analyst tells investors in a post-earnings note.

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