Cantor Fitzgerald analyst Matthew Prisco raised the firm’s price target on NXP Semiconductors (NXPI) to $340 from $280 and keeps an Overweight rating on the shares. NXP Semiconductors delivered a strong quarter with broad-based improvement across end markets and more constructive forward commentary, including better visibility, stronger order trends, and improving distribution backlog, the analyst tells investors in a research note.
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- NXP Price Target Raised to $300 as Analyst Cites Strong Results, Upbeat Outlook, and Expanding Growth Drivers
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