Rosenblatt Downgrades ON Semiconductor to Neutral, Announces $95 Price Target
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Kevin Cassidy has downgraded ON Semiconductor (NASDAQ:ON) from Buy to Neutral and set a price target of $95.
July 24, 2023 | 11:06 am
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NEGATIVE IMPACT
ON Semiconductor has been downgraded from Buy to Neutral by Rosenblatt, with a price target of $95.
The downgrade from Buy to Neutral by Rosenblatt indicates a less optimistic outlook for ON Semiconductor. This could potentially lead to a decrease in the stock's price in the short term. The price target of $95 provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100