Susquehanna Maintains Positive on ON Semiconductor, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland maintains a Positive rating on ON Semiconductor (NASDAQ:ON) but lowers the price target from $90 to $85.

April 30, 2024 | 11:13 am
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Susquehanna maintains a Positive rating on ON Semiconductor but lowers the price target from $90 to $85.
The adjustment in price target by Susquehanna reflects a nuanced view on ON Semiconductor's future performance. While the maintenance of a Positive rating indicates continued confidence in the company's fundamentals and growth prospects, the reduction in the price target suggests a recalibration of expectations, possibly due to market conditions or company-specific factors not detailed in the article. This could lead to short-term price volatility as investors adjust to the new target, but the overall positive outlook suggests underlying strength.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100