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Fly News Breaks for June 13, 2016
FCS, ON
Jun 13, 2016 | 08:39 EDT
As noted earlier, Pacific Crest upgraded On Semiconductor (ON) to Overweight from Sector Weight. As reasons for the upgrade, the firm cited what it sees as increased revenue per vehicle as a result of the company's ADAS penetration, significant EPS accretion from its acquisition of Fairchild (FCS), and higher revenue from Intel's Skylake notebooks following share gains in that device. Target $13.
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