Evercore ISI Group Initiates Coverage On ON Semiconductor with Outperform Rating, Announces Price Target of $104
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has initiated coverage on ON Semiconductor (NASDAQ:ON) with an Outperform rating and set a price target of $104. The analysis was conducted by analyst Mark Lipacis.
April 16, 2024 | 9:31 am
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Evercore ISI Group initiated coverage on ON Semiconductor with an Outperform rating and a price target of $104.
The initiation of coverage by Evercore ISI Group with an Outperform rating and a high price target suggests a positive outlook for ON Semiconductor's stock. This endorsement by a reputable analyst firm could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100