Citigroup Downgrades ON Semiconductor to Neutral, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely has downgraded ON Semiconductor from Buy to Neutral and lowered the price target from $85 to $77.
July 15, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Citigroup analyst Christopher Danely downgraded ON Semiconductor from Buy to Neutral and reduced the price target from $85 to $77.
The downgrade from Buy to Neutral and the reduction in the price target from $85 to $77 by a major financial institution like Citigroup is likely to negatively impact investor sentiment and the stock price of ON Semiconductor in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100