NXP Semiconductors price target raised to $275 from $240 at KeyBanc

KeyBanc analyst John Vinh raised the firm’s price target on NXP Semiconductors (NXPI) to $275 from $240 and keeps an Overweight rating on the shares. The firm says its quarterly supply chain findings were mixed. As such, it has revised several companies’ estimates and price targets. In analog, tariff-related pull-ins are driving near-term upside but are resulting in concerns regarding the second half of the year being sub-seasonal. China remains the most resilient geographically but is slowing. AI demand remains robust, adds KeyBanc.