Jefferies Starts NXP Semiconductors NV (NXPI) at Buy

Jefferies initiates coverage on NXP Semiconductors NV (NASDAQ: NXPI) with a Buy and $27 price target.

The firm cited: "1) product cycles in NFC, RFID, CFL, China Auto, 2) Financial deleveraging story.

For more ratings news on NXP Semiconductors NV click here and for the rating history of NXP Semiconductors NV click here.

Shares of NXP Semiconductors NV closed at $21.17 yesterday.

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