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Citi Downgrades NXP Semiconductors and Lowers Price Target

MarketWatch +1 ·

NXPI NXP Semiconductors NV
$235.22 -3.75%
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  1. 1Citi downgraded NXP Semiconductors from buy to neutral.
  2. 2The revised price target of $260 from Citi is lower than its previous target of $370.
  3. 3NXP Semiconductors shares fell 2.6% during Thursday premarket trading.

So what's the key point?

Citi lowered its investment rating for NXP Semiconductors and reduced its expected price for the stock to $260. Following this news, the stock price dropped 2.6%.

Source MarketWatch +1 · View original ↗

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