Argus analyst Jim Kelleher raised the firm’s price target on NXP Semiconductors (NXPI) to $270 from $235 and keeps a Buy rating on the shares following the Q2 report. The company guided above estimates but the stock traded lower on tariff and macroeconomic concerns, the analyst tells investors in a research note. The firm says NXP faces ongoing challenges in the auto space.
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 $210 from $195 at Susquehanna
- NXP Semiconductors price target raised to $252 from $230 at Truist
- NXP Semiconductors price target raised to $260 from $250 at Wells Fargo
- Positive Outlook for NXP Semiconductors: Buy Rating Driven by Recovery in Automotive and Industrial Sectors
- NXP Semiconductors upgraded to Outperform from Neutral at KGI Securities