Stifel lowered the firm’s price target on NXP Semiconductors (NXPI) to $210 from $231 and keeps a Hold rating on the shares after the company reported in-line December quarter results, but gave a lower-than-expected March quarter outlook. While not specifically guiding Q2 revenue, citing very limited visibility, management suggested modeling “flat-to-up slightly q/q,” which is sub-seasonal June quarter commentary, the analyst noted.
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