Form 8-K NXP Semiconductors N.V. For: Nov 06

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Go back to Form 8-K NXP Semiconductors N.V. For: Nov 06

Citi Downgrades NXP Semiconductors NV (NXPI) to Sell, 'Finally Feeling Correction and it Will Get Much Worse'

November 8, 2023 4:20 AM EST

Citi analyst Christopher Danely downgraded NXP Semiconductors NV (NASDAQ: NXPI) from Neutral to Sell with a price target of $150.00 (from $216.00).

The analyst comments "Yesterday, NXPI reported good results due to upside from the industrial and mobile end markets (combined 29% of 3Q23... More