Wells Fargo resets NXP Semiconductors forecast ahead of earnings

Wells Fargo resets NXP Semiconductors forecast ahead of earnings

The Street April 21, 2026

Three Wall Street firms turned more cautious on NXP Semiconductors in the same week, all pointing to the same concern: The automotive market is not recovering fast enough. Wells Fargo downgraded NXP Semiconductors to equal weight from overweight. It cut its price target to $235 from $265, citing a …