Keybanc Maintains Overweight on ON Semiconductor, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh maintains an Overweight rating on ON Semiconductor (NASDAQ:ON) but lowers the price target from $100 to $90.
April 30, 2024 | 12:27 pm
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NEUTRAL IMPACT
Keybanc maintains an Overweight rating on ON Semiconductor but lowers the price target from $100 to $90.
While the reduction in the price target from $100 to $90 could suggest a tempered outlook on the stock's short-term price potential, the maintenance of an Overweight rating by Keybanc indicates a continued positive view on the company's fundamentals and long-term prospects. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the analyst's ongoing confidence in the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100