UBS Maintains Neutral on NXP Semiconductors, Raises Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Francois-Xavier Bouvignies maintains a Neutral rating on NXP Semiconductors (NXPI) and raises the price target from $230 to $270.
May 01, 2024 | 3:58 pm
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UBS maintains a Neutral rating on NXP Semiconductors but raises the price target from $230 to $270.
The increase in price target by UBS reflects a positive outlook on the stock's value, potentially leading to increased investor interest and a positive short-term impact on the stock price. The maintenance of a Neutral rating suggests that while the stock might not outperform the market, the raised target indicates an improved valuation perspective.
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