Susquehanna analyst Christopher Rolland lowered the firm’s price target on NXP Semiconductors (NXPI) to $225 from $235 and keeps a Neutral rating on the shares. The firm said its quarter showed there is still plenty of inventory to digest in Auto, and digital networking EOL weighs on Comms, but Industrial and IoT perhaps is showing signs of a bottom and trending better on early China strength.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 lowered to $235 from $250 at Wells Fargo
- NXP Semiconductors price target lowered to $210 from $231 at Stifel
- NXP Semiconductors price target lowered to $231 from $235 at Morgan Stanley
- Top 3 Trending Stocks, According to Analysts – 2/5/2025
- NXP Semiconductors price target lowered to $240 from $260 at JPMorgan