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Fly News Breaks for March 13, 2015
FSL, NXPI
Mar 13, 2015 | 08:30 EDT
As noted earlier, Needham initiated coverage of NXP Semiconductors (NXPI) with a Strong Buy and $140 price target. The firm thinks the company has become "a powerhouse" in the semiconductor sector following its acquisition of Freescale (FSL). Needham expects the stock's multiple to expand.