Truist Securities Maintains Buy on ON Semiconductor, Lowers Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on ON Semiconductor but lowered its price target from $97 to $89.
October 29, 2024 | 5:29 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on ON Semiconductor but lowered its price target from $97 to $89, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in ON Semiconductor's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100