tiprankstipranks
NXP Semiconductors price target lowered to $231 from $260 at Stifel
The Fly

NXP Semiconductors price target lowered to $231 from $260 at Stifel

Stifel lowered the firm’s price target on NXP Semiconductors (NXPI) to $231 from $260 and keeps a Hold rating on the shares following quarterly results. The firm remarked that the price target change highlights “the persistent industry downcycle” continuing to impact its coverage, particularly with large cap companies. Stifel told investors that NXP still has a long way to go before being fully “out of the woods.”

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App