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NXP Semiconductors (NXPI) Added to Jefferies' Franchise Pick; PT to $130

April 29, 2016 7:12 AM EDT
Get Alerts NXPI Hot Sheet
Price: $236.62 --0%

Rating Summary:
    22 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 36
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Jefferies analyst Mark Lipacis added NXP Semiconductors NV (NASDAQ: NXPI) to the Jefferies' Franchise Pick List while raising his price target to $130.00 (from $112.00). The Buy rating was maintained.

Lipacis sees four ways to win with the stock:

1) We project NXPI to be amongst the highest FCF/Shr growers in '16/17,

2) We expect NXPI to enter a capital return cycle which expands its multiple,

3) FSL acquisition translates to share gains via reference design cross-pollination, and

4) Supply Chain Restock in 2016. Our revised estimates are ahead of Consensus for C16 and C17.

The firm raised FY 2016 EPS from $5.81 to $5.92 and FY 2017 EPS from $7.75 to $8.06.

For an analyst ratings summary and ratings history on NXP Semiconductors NV click here. For more ratings news on NXP Semiconductors NV click here.

Shares of NXP Semiconductors NV closed at $85.87 yesterday.



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