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Jefferies raised the firm’s price target on NXP Semiconductors to $300 from $265 and keeps a Buy rating on the shares.
Jefferies raised NXP Semiconductors' price target to $300 from $265.
KEY POINTS
- NXP now expects data center revenue to reach $500M this year.
- The Industrial & IoT business reported standout revenue of $628M.
- Jefferies sees potential for NXP's stock multiple to catch up following underperformance.
COMPANIES
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