Morgan Stanley Maintains Equal-Weight on ON Semiconductor, Raises Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on ON Semiconductor (NASDAQ:ON) and raised the price target from $89 to $116.
August 04, 2023 | 9:31 am
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Morgan Stanley has maintained an Equal-Weight rating on ON Semiconductor and raised the price target from $89 to $116.
The raised price target by Morgan Stanley indicates a positive outlook for ON Semiconductor. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100