Truist Securities Maintains Buy on NXP Semiconductors, Raises Price Target to $265-Report Released on 6th February 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein has maintained a Buy rating on NXP Semiconductors (NASDAQ:NXPI) and increased the price target from $264 to $265 as of 6th February 2024.
February 07, 2024 | 9:33 pm
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Truist Securities maintains a Buy rating on NXP Semiconductors and raises the price target to $265.
The increase in the price target by Truist Securities reflects a positive outlook on NXP Semiconductors, likely due to anticipated strong performance or favorable market conditions. This endorsement from a reputable analyst could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100