Deutsche Bank Maintains Buy on ON Semiconductor, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Ross Seymore maintains a Buy rating on ON Semiconductor (NASDAQ:ON) but lowers the price target from $90 to $85.

April 30, 2024 | 4:34 pm
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NEUTRAL IMPACT
Deutsche Bank maintains a Buy rating on ON Semiconductor but lowers the price target from $90 to $85.
While the reduction in price target could suggest a slightly less optimistic outlook on the stock's short-term price performance, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest both the maintained confidence and the adjusted expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100