Truist Securities Maintains Buy on NXP Semiconductors, Raises Price Target to $291
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein has maintained a Buy rating on NXP Semiconductors (NXPI) and increased the price target from $265 to $291.
May 01, 2024 | 12:53 pm
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Truist Securities has reaffirmed its Buy rating on NXP Semiconductors and raised the price target to $291 from $265.
The increase in price target by Truist Securities reflects a positive outlook on NXP Semiconductors, likely due to strong fundamentals or market position. This endorsement from a reputable analyst could lead to increased investor confidence and potentially drive the stock price up in the short term.
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