ON Semiconductor shares are trading higher after Jefferies raised its price target on the stock to $100.
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor shares are trading higher following an upgrade by Jefferies, which raised its price target on the stock to $100.
May 13, 2024 | 4:08 pm
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POSITIVE IMPACT
ON Semiconductor's stock price is experiencing an uptick after Jefferies increased its price target to $100, indicating a bullish outlook on the stock.
The upgrade by Jefferies directly impacts ON Semiconductor's stock as it reflects increased confidence in the company's future performance and growth potential. Such analyst upgrades often lead to short-term price increases as they influence investor sentiment and can lead to increased buying activity.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100