Rosenblatt Maintains Neutral on ON Semiconductor, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Kevin Cassidy maintains a Neutral rating on ON Semiconductor (NASDAQ:ON) and lowers the price target from $75 to $70.
April 30, 2024 | 11:50 am
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NEGATIVE IMPACT
Rosenblatt maintains a Neutral rating on ON Semiconductor and lowers the price target from $75 to $70.
The reduction in price target by Rosenblatt suggests a less optimistic outlook on ON Semiconductor's stock value in the short term, potentially leading to negative investor sentiment and a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100