NXP Semiconductors NV (NXPI) Investor Feedback on Downgrade - Morgan Stanley

Morgan Stanley analyst Craig Hettenbach reiterated an Equalweight rating and $213.00 price target on NXP Semiconductors NV (NASDAQ: NXPI) noting mixed feedback on his recent downgrade to Equalweight.

The analyst stated "investors who are bullish point to a better backdrop in autos after a very challenging 2019 and 2020, with a view that growth in $ content will come back into focus given tailwinds to production after the sharp bottom last year. We also heard some enthusiasm for a snapback in wireless infrastructure in 2H. On the other hand, the degree of multiple expansion in the stock has surprised even some of the Bulls. While NXPI shareholders had questions on what drove our downgrade, some of them did not push back that hard considering how far the stock has run up".

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 $202.00 yesterday.

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