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Fly News Breaks for January 10, 2020
NXPI
Jan 10, 2020 | 07:09 EDT
Credit Suisse analyst John Pitzer raised his price target for NXP Semiconductors (NXPI) to $150 from $135 and reiterated an Outperform rating to reflect the completion of the acquisition of Marvell's (MRVL) WiFI division last month. The analyst says the stock continues to screen cheap and he continues to argue investors are undervaluing NXP's core IP position in connectivity, security and MCUs.
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