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Wells Fargo Downgrades NXP Semiconductors to Equalweight From Overweight, Adjusts PT to $235 From $265
Wells Fargo has downgraded NXP Semiconductors (NASDAQ: NXPI) from an “Overweight” to an “Equalweight” rating, also lowering its price target to $235 from $265. This adjustment reflects a revised outlook from the financial institution on the semiconductor company’s stock performance. This comes shortly after Mizuho also downgraded NXP Semiconductors.