Truist Securities Maintains Buy on ON Semiconductor, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein has maintained a 'Buy' rating on ON Semiconductor (NASDAQ:ON) but lowered the price target from $122 to $81.
October 31, 2023 | 4:41 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
ON Semiconductor's price target has been lowered by Truist Securities from $122 to $81, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially lead to a short-term negative impact on ON Semiconductor's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100