Jefferies analyst Blayne Curtis assumed coverage of NXP Semiconductors with a Buy rating and a price target of $325, up from $255, as the analyst assumed coverage of a number of U.S. semiconductor stocks. The analyst assumed coverage of the group with a bullish long-term view into a strong upcycle with duration, citing a belief that the group is “still early in the cycle” and that this one is likely stronger with AI.
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