Jefferies Assumes NXP Semiconductors at Buy, Raises Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis has assumed coverage of NXP Semiconductors (NASDAQ:NXPI) with a Buy rating and increased the price target to $325.
May 13, 2024 | 12:35 pm
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Jefferies analyst Blayne Curtis has given NXP Semiconductors a Buy rating and raised the price target to $325, indicating a positive outlook on the stock.
Analyst ratings and price target adjustments are significant indicators for stock performance in the short term. A Buy rating combined with a raised price target, especially from a reputable firm like Jefferies, suggests a strong bullish outlook for NXP Semiconductors. This is likely to positively influence investor sentiment and could lead to an increase in stock price as market participants adjust their positions based on this new information.
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