Benchmark Maintains Buy on ON Semiconductor, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst David Williams maintains a Buy rating on ON Semiconductor (NASDAQ:ON) but lowers the price target from $88 to $80.
April 30, 2024 | 12:39 pm
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Benchmark analyst David Williams maintains a Buy rating on ON Semiconductor but lowers the price target from $88 to $80.
The reduction in price target by Benchmark could lead to mixed reactions in the market. While maintaining a Buy rating indicates a positive outlook on the company, the lowered price target might cause some investors to adjust their expectations for the stock's future performance. However, the impact is likely to be moderate given the continued endorsement via the Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100