NXP Semiconductors slides on soft guidance amid weakness in automative chip unit

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NXP Semiconductors NV (NXPI) PT Lowered to $200 at Citi

November 6, 2024 7:20 AM EST

Citi analyst Christopher Danely lowered the price target on NXP Semiconductors NV (NASDAQ: NXPI) to $200.00 (from $220.00) while maintaining a Sell rating.

The analyst comments "Yesterday, NXPI reported good results but lower guidance as the correction we expected in the Auto end... More