JP Morgan Maintains Neutral on NXP Semiconductors, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur has maintained a Neutral rating on NXP Semiconductors (NXPI) and increased the price target from $220 to $240.
February 07, 2024 | 10:33 am
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JP Morgan has maintained a Neutral rating on NXP Semiconductors but raised the price target from $220 to $240.
The increase in price target by JP Morgan suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term rise in stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential impact.
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