TD Cowen Maintains Outperform on NXP Semiconductors, Raises Price Target to $260
Portfolio Pulse from jenniferd'souza@benzinga.com
TD Cowen analyst Matthew Ramsay maintains an Outperform rating on NXP Semiconductors (NASDAQ:NXPI) and raises the price target from $240 to $260.
August 01, 2023 | 2:12 pm
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TD Cowen maintains an Outperform rating on NXP Semiconductors and raises the price target from $240 to $260. This could potentially lead to an increase in the stock's price.
The Outperform rating indicates that the analyst expects the company to do better than the market average. The increase in the price target suggests that the analyst believes the stock is undervalued at its current price. This could lead to increased investor interest and a potential rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100