Morgan Stanley Maintains Equal-Weight on NXP Semiconductors, Lowers Price Target to $271
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on NXP Semiconductors (NASDAQ:NXPI) but lowers the price target from $275 to $271.
July 24, 2024 | 4:17 pm
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NEUTRAL IMPACT
Morgan Stanley's analyst Joseph Moore has maintained an Equal-Weight rating on NXP Semiconductors but has lowered the price target from $275 to $271.
The maintenance of the Equal-Weight rating suggests a neutral stance, while the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100