Bernstein analyst Stacy Rasgon downgraded NXP Semiconductors NV (NASDAQ:NXPI) to Market Perform from Outperform with a price target of $230, down from $245, implying an…
Bernstein analyst Stacy Rasgon downgrades NXP Semiconductors (NASDAQ:NXPI) from Outperform to Market Perform and lowers the price target from $245 to $230.
Electric vehicles are the future, as the world moves from gas-guzzling ICE vehicles to their green energy counterparts. Ancillary beneficiaries of the growing EV adoption are companies that moved to an advanced driver assistance system (ADAS) technology, which has now come to be the core of self-driving and EVs.