Mizuho lowered the firm’s price target on NXP Semiconductors (NXPI) to $255 from $285 and keeps an Outperform rating on the shares. The company is seeing improving trends but the soft auto sector remains a headwind, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXPI:
- NXP Semiconductors price target raised to $240 from $220 at Bernstein
- NXP Semiconductors price target raised to $250 from $245 at JPMorgan
- NXP Semiconductors price target lowered to $255 from $285 at Citi
- Reaffirming Buy on NXP: Strengthening Fundamentals and Improved Visibility Support Reacceleration and Upside to Target Price
- NXP Semiconductors Earnings Call Highlights Strategic Shift