Mizuho raised the firm’s price target on NXP Semiconductors (NXPI) to $255 from $240 and keeps an Outperform rating on the shares. The firm is updating its model in-line with earnings guidance to properly account for the non-controlling interests with joint ventures, the analyst tells investors. The firm continues to see NXP as well positioned for a second half recovery in auto/industrials as it navigates a “soft landing,” the analyst added.
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