BMO Capital analyst Ambrish Srivastava raised the firm’s price target on NXP Semiconductors to $180 from $160 but keeps a Market Perform rating on the shares after its Q4 results and guidance. The company’s gross margins are holding up better than BMO’s assumptions and the favorable mix is expected to outweigh utilization headwinds, but the stock looks reasonably valued at the current level, the analyst tells investors in a research note.
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