Morgan Stanley upgraded NXP Semiconductors (NXPI) to Overweight from Equal Weight with a price target of $257, up from $231. The firm noted that NXP should outgrew Auto semis in 2025, that there have been structural improvements to the business, and that an analysis of microcontroller shipments suggests that shipments didn’t further deteriorate from November to December. With pricing negotiations in the past, the firm’s view is that the worst of the microcontroller downside is “behind us,” the analyst tells investors in a research note.
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