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Fly News Breaks for August 29, 2019
NXPI
Aug 29, 2019 | 09:19 EDT
Stifel analyst Tore Svanberg lowered his estimates for analog semiconductor suppliers, including NXP Semiconductors, based on continued macro softness and his expectations for the overall analog industry to be down 11% year-over-year in 2019 with "only a modest" 1%-3% growth recovery in 2020. He lowered his price target for NXP shares to $100 from $105 and keeps a Hold rating on the shares.
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