Information Provided By: 
Fly News Breaks for June 19, 2017
QCOM, NXPI
Jun 19, 2017 | 05:40 EDT
Deutsche Bank analyst Ross Seymore downgraded NXP Semiconductors (NXPI) to Hold citing the stock's proximity to Qualcomm's (QCOM) all-cash takeout price of $110 per share. He continues to expect the deal to close by the end of 2017 at the announced price. Qualcomm is unlikely to pay a "meaningfully higher price" given the "lack of a viable second bidder," the analyst contends. He has a $110 price target for NXP shares. The chipmaker closed Friday up 9c to $109.09.
News For NXPI;QCOM From the Last 2 Days
QCOM, NXPI
Apr 16, 2024 | 09:48 EDT
