Cantor Fitzgerald Maintains Overweight on NXP Semiconductors, Lowers Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald has maintained an Overweight rating on NXP Semiconductors but lowered the price target from $350 to $270.

October 08, 2024 | 7:11 pm
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Cantor Fitzgerald has maintained an Overweight rating on NXP Semiconductors but lowered the price target from $350 to $270, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in NXPI's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100