BofA lowered the firm’s price target on NXP Semiconductors (NXPI) to $255 from $270 and keeps a Buy rating on the shares. NXP is “operating in a steadier phase of growth” as the core Auto business is shipping to natural demand while macro headwinds are keeping a lid on restocking tailwinds, leading to more conservative Q1 view that is in-line with pre-COVID seasonality, the analyst tells investors. The firm lowered its calendar year 2026 and 2027 pro-forma EPS estimates by 5% and 4%, respectively, but still sees “decent” 17% and 13% EPS growth in the respective years, the analyst added.
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