JPMorgan raised the firm’s price target on NXP Semiconductors to $240 from $220 and keeps a Neutral rating on the shares. The company is “navigating a soft landing” despite the cyclical headwinds through a combination of sustained demand in its end markets, sustained pricing power and content gains, and disciplined supply chain management, the analyst tells investors in a research note. The firm says the company reported solid Q4 results.
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