Citigroup Downgrades NXP Semiconductors to Sell, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely has downgraded NXP Semiconductors from Neutral to Sell and lowered the price target from $216 to $150.
November 08, 2023 | 12:10 pm
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NXP Semiconductors has been downgraded from Neutral to Sell by Citigroup, with a lowered price target from $216 to $150.
The downgrade from Citigroup, a major financial institution, is likely to negatively impact investor sentiment towards NXP Semiconductors. The lowered price target suggests that Citigroup believes the stock is overvalued, which could lead to a sell-off.
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