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Fly News Breaks for June 18, 2019
ON
Jun 18, 2019 | 07:42 EDT
Loop Capital analyst David Williams started ON Semiconductor with a Buy rating and $28 price target, citing its strong positioning in Automotive, Industrial and Cloud Power end markets. He sees the company's deal for Quantenna and its GlobalFoundries fab deal adding significant revenue synergies and strong potential to lift margins, Williams added.
News For ON From the Last 2 Days
ON
Apr 19, 2024 | 09:10 EDT
Exane BNP Paribas analyst David O'Connor downgraded On Semiconductor to Underperform from Neutral with a price target of $55, down from $74. The analyst has "grown more cautious" about end demand for silicon carbide, especially among U.S. suppliers. News of a potential cancellation of a low-end Tesla (TSLA) electric vehicle may make On's silicon carbide forecasts "more difficult to reach," the analyst tells investors in a research note. -
ON
Apr 19, 2024 | 05:06 EDT
Exane BNP Paribas analyst David O'Connor downgraded ON Semiconductor to Underperform from Neutral with a $55 price target.
