Oppenheimer raised the firm’s price target on NXP Semiconductors to $330 from $295 and keeps an Outperform rating on the shares ahead of the Q2 earnings report on July 22. Oppenheimer sees an in-line or better Q2 print and Q3 outlook, the analyst tells investors in a research note. The firm believes core auto/industrial, which represents 76% of sales, have troughed and sees NXP positioned for upside momentum in the second half.
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