Barclays analyst Blayne Curtis raised the firm’s price target on NXP Semiconductors to $160 from $140 and keeps an Equal Weight rating on the shares. The analyst rolled out 2024 estimates and became more positive on the semiconductor group but incrementally more negative on semiconductor capital equipment. The firm prefers stocks in 2023 that offer exposure to data center, PC and handset.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on NXPI:
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- NXP Semiconductors upgraded to Neutral from Sell at UBS
- NXP Semiconductors, VinFast collaborate on smart EV development
- NXP Introduces Advanced Automotive Radar One-Chip Family for Next-Gen ADAS and Autonomous Driving Systems
- NXP’s New i.MX 95 Family of Applications Processors Delivers Safe, Secure and Scalable AI-enabled Edge Platforms