TD Cowen raised the firm’s price target on NXP Semiconductors to $300 from $270 and keeps an Outperform rating on the shares. The firm views the company’s best-in-class auto franchise and consistent capital returns as overlooked by investors. They see careful inventory and channel management creating a healthy setup in 2024.
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Read More on NXPI:
- NXP Semiconductors call volume above normal and directionally bullish
- NXP Semiconductors board approves interim dividend of $1.014 per share
- NXP Semiconductors Announces Quarterly Dividend
- NXP Semiconductors price target raised to $300 from $270 at BofA
- NXP Semiconductors price target raised to $265 from $264 at Truist
