Citi Upgrades NXP Semiconductors NV (NXPI) to Neutral

Citi analyst Christopher Danely upgraded NXP Semiconductors NV (NASDAQ: NXPI) from Sell to Neutral with a price target of $210.00 (from $200.00).

The analyst comments: "Yesterday, NXPI reported results slightly above Consensus due to strength from China (roughly 37% of revenue) but guided below Consensus due to exiting lower-margin products in the Comms segment (13% of 4Q24 sales). Consensus estimates have now fallen roughly 30% from the peak and are only 10% above ours. As a result, we are upgrading NXP from Sell to Neutral as we believe most of the downside is in estimates and the stock."

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 $202.40 yesterday.

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