Market News / Story
Why NXP Semiconductors (NXPI) Shares Are Falling Today
Stock Story ·
Stock Story reports: What Happened? Shares of chip manufacturer NXP Semiconductors fell 3.7% in the morning session after Citi downgraded the company to Neutral from Buy with a $260 price target, lowered from $370. Citi analyst Atif Malik slashed the target by $110, pointing to weaker estimate revisions relative to chip peers and limited exposure to data-center demand, in research reported by StreetInsider. Malik highlighted that while compute and networking suppliers benefit from upward…