B. Riley Securities Reiterates Buy on ON Semiconductor, Lowers Price Target to $103
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis has reiterated a Buy rating on ON Semiconductor (NASDAQ:ON), while lowering the price target from $115 to $103.

April 30, 2024 | 12:45 pm
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B. Riley Securities reaffirms a Buy rating on ON Semiconductor, but reduces the price target to $103 from $115.
The reiteration of a Buy rating suggests a positive outlook on ON Semiconductor by B. Riley Securities, indicating confidence in the company's fundamentals. However, the reduction in the price target could reflect a revised valuation model or market conditions that might slightly temper short-term price expectations. The impact is neutral to slightly positive as the endorsement remains but with moderated expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90