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Fly News Breaks for February 4, 2020
ON
Feb 4, 2020 | 07:53 EDT
Cowen analyst Matthew Ramsay lowered his price target on ON Semiconductor to $24 from $28 following Q4 results. The analyst felt revenue was solid but that it was aided by low-margin consumer upside. He said there is little clarity on the margin trajectory as near-term profitability remains under his projection. He sees the company as undervalued and at a steep discount to peers but with limited visibility. Ramsay maintained his Outperform rating on ON Semiconductor shares.
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.
