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Fly News Breaks for April 27, 2015
FSL, NXPI
Apr 27, 2015 | 07:49 EDT
Canaccord raised its price target to $130 from $110 on NXP Semiconductor (NXPI) following the recent sector selloff. The firm sees the company as the best positioned mixed-signal semiconductor firm with 50% sustainable growth above the sector over the next several years. Canaccord reiterated its Buy rating on NXP shares, also noting its expanding TAM and scale with its merger with Freescale (FSL) and current valuation.
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