Stifel Maintains Hold on ON Semiconductor, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a Hold rating on ON Semiconductor (NASDAQ:ON) and lowers the price target from $82 to $72.
April 18, 2024 | 5:27 pm
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Stifel analyst Tore Svanberg maintains a Hold rating on ON Semiconductor and lowers the price target from $82 to $72.
The reduction in price target by Stifel suggests a bearish outlook on ON Semiconductor's short-term price potential, likely due to revised expectations on the company's future performance. This adjustment could lead to a negative investor sentiment towards ON, potentially impacting its stock price negatively in the short term.
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