Goldman Sachs Maintains Buy on ON Semiconductor, Lowers Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari maintains a Buy rating on ON Semiconductor (NASDAQ:ON) but has lowered the price target from $106 to $93.
October 31, 2023 | 1:50 pm
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Goldman Sachs maintains a Buy rating on ON Semiconductor but lowers the price target from $106 to $93.
The news is directly about ON Semiconductor. While the Buy rating is maintained, the lowering of the price target might indicate a slower growth expectation. However, the impact on the stock price is uncertain as the lowered target is still a Buy signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100