Stifel Maintains Hold on ON Semiconductor, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a 'Hold' rating on ON Semiconductor (NASDAQ:ON) and raises the price target from $98 to $105.
August 01, 2023 | 3:32 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Stifel analyst maintains a 'Hold' rating on ON Semiconductor and raises the price target from $98 to $105.
The news is directly about ON Semiconductor. The 'Hold' rating suggests that the analyst believes the stock will perform approximately in line with the market in the near future. The increase in price target from $98 to $105 indicates a positive outlook, but as it's not a rating upgrade, the impact on the stock price in the short term is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100