Morgan Stanley analyst Craig Hettenbach said it is encouraging that the acquisition NXP Semiconductors' (NXPI) acquisition of Marvell's (MRVL) wireless connectivity business is going to close ahead of expectations that it would happen in the first quarter of 2020, noting that he thinks the business will ultimately prove more valuable under NXP's ownership. The connectivity deal is an important catalyst for NXP in 2020 and "one of a number of idiosyncratic drivers" that he sees that lead him to keep an Overweight rating on NXP shares, Hettenbach tells investors. The analyst, who points to his expectation for increasing momentum in BMS for electric vehicles and adoption of Ultra-wide band as other reasons he predicts above peer growth for NXP in 2020, has a $121 price target on the shares.