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Fly News Breaks for September 12, 2018
NXPI
Sep 12, 2018 | 07:57 EDT
Jefferies analyst Mark Lipacis says he left NXP Semiconductors' analyst day with higher conviction in his Buy thesis. The analyst continues to believe that NXP will benefit from "superior" revenue growth due to its exposure to Internet of Things, Industrial and Auto markets. Further, he sees the stock's price-to-earnings multiple expanding from the company's increased capital return. The analyst keeps a Buy rating on the shares with a $125 price target.
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