Morgan Stanley Maintains Equal-Weight on ON Semiconductor, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on ON Semiconductor (NASDAQ:ON) and lowered the price target from $110 to $76.
October 31, 2023 | 12:40 pm
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Morgan Stanley has maintained an Equal-Weight rating on ON Semiconductor and lowered the price target from $110 to $76.
The lowering of the price target by Morgan Stanley indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on ON Semiconductor's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100