Susquehanna analyst Christopher Rolland lowered the firm’s price target on NXP Semiconductors (NXPI) to $250 from $260 and keeps a Neutral rating on the shares. The firm said they reported in-line results but weaker guidance as the company continues to digest additional automotive inventory and navigates industrial demand softness.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXPI:
- NXP Semiconductors Reports Mixed Q3 2024 Results
- NXP Semiconductors price target lowered to $300 from $330 at Oppenheimer
- NXP Semiconductors price target lowered to $235 from $250 at Morgan Stanley
- NXP Semiconductors price target lowered to $280 from $330 at Barclays
- NXP Semiconductors price target lowered to $231 from $260 at Stifel