NXP Semiconductors price target raised to $250 from $225 at Cantor Fitzgerald

Cantor Fitzgerald analyst Matthew Prisco raised the firm’s price target on NXP Semiconductors (NXPI) to $250 from $225 and keeps an Overweight rating on the shares. The firm is seeing signs that the cycle is turning with positive commentary generally across the Analog group, and says the group is underowned. NXP Semiconductors is possibly the best value play within Analog today, and the company’s structural transformation is not yet fully appreciated by the Street, the analyst tells investors in a research note.