Truist raised the firm’s price target on NXP Semiconductors (NXPI) to $258 from $245 and keeps a Buy rating on the shares. The firm is updating its model to more accurately reflect NXP Semi’s non-consolidated joint venture investments, the analyst tells investors in a research note. Truist adds however that while its 2026 EPS goes to $14.72 from $14.83 and it sees these investments also weighing on 2027 cash flow and EPS, the firm expects these investments to flip from a cost to a 3% cash flow and EPS benefit in 2028 and beyond.
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