BofA lowered the firm’s price target on NXP Semiconductors (NXPI) to $235 from $255 and keeps a Buy rating on the shares. The firm said the company has prudently managed the cycle; is well-prepared for recovery; trades at a reasonable valuation; and has delivered consistent free cash flow returns. However, the macro environment remains murky, lead-times are low, there is additional threat of tariffs, and there are incremental headwinds from mature parts of the digital networking business, the analyst tells investors in a research note. Given limited recovery visibility, the firm lowered its 2025 and 2026 sales estimates and cut its price target
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