Citi analyst Christopher Danely raised the firm’s price target on NXP Semiconductors to $180 from $150 and keeps a Neutral rating on the shares. The company reported solid Q4 results but guided below consensus as the economic downturn is impacting the Industrial/mobile/IOT segments, the analyst tells investors in a research note.
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Read More on NXPI:
- NXP Semiconductors price target raised to $205 from $175 at Oppenheimer
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- NXP Semiconductors down 3% in after-hours following Q4 report, Q1 guidance
- NXP Semiconductors sees Q1 revenue $2.9B-$3.1B, consensus $3.16B
- NXP Semiconductors reports Q4 EPS $2.76, consensus $2.74