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Fly News Breaks for March 3, 2020
NXPI
Mar 3, 2020 | 06:56 EDT
Mizuho analyst Vijay Rakesh lowered the firm's price target on NXP Semiconductors to $140 from $147 and keeps a Buy rating on the shares. The impact from the coronavirus on the company's guidance reflects more of a pushout of demand to the June quarter as the company did not see a large cancellations of orders, Rakesh tells investors in a research note. As such, the analyst is buyer of the stock on the "muted" impact from the virus.
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