Wolfe Research Upgrades NXP Semiconductors to Outperform, Announces $255 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Chris Caso upgraded NXP Semiconductors (NXPI) from Peer Perform to Outperform with a new price target of $255.
January 18, 2024 | 10:14 am
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Wolfe Research upgraded NXP Semiconductors to Outperform and set a price target of $255, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-expected future performance. The new price target of $255 by Wolfe Research represents a significant potential upside from the current trading price, which may attract investor interest and drive up the stock price in the short term.
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