Jefferies Assumes ON Semiconductor at Buy, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis has initiated coverage on ON Semiconductor (NASDAQ:ON) with a Buy rating and increased the price target to $100.
May 13, 2024 | 12:40 pm
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Jefferies analyst Blayne Curtis has given ON Semiconductor a Buy rating and raised the price target to $100, indicating a positive outlook on the stock.
Analyst ratings and price target adjustments are significant indicators for stock performance in the short term. A Buy rating combined with a raised price target usually signals confidence in the company's future performance, potentially leading to increased investor interest and a rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100