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Fly News Breaks for February 10, 2020
Feb 10, 2020 | 07:36 EDT
SunTrust analyst William Stein raised his price target on NXP Semiconductors to $148 and kept his Buy rating after meeting with its management, saying the company's new products from its Freescale acquisition are accelerating the company's "sustainable earnings growth". The analyst further notes that NXP Semi's edge processing solutions should be the company's next big category, and their potential for ramp to widespread commercial IoT deployments is not widely understood by investors.
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