Wells Fargo lowered the firm’s price target on On Semi (ON) to $45 from $60 and keeps an Overweight rating on the shares. While another “painful” estimate reset, the firm remains bullish given revenue/demand outlook showing signs of stabilization, and continued fixed cost rationalization that will drive faster EPS recovery with modest demand recovery.
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Read More on ON:
- Analysts Slash onsemi Stock (ON) Forecast after Grim Q2 Outlook
- On Semi price target lowered to $46 from $48 at BofA
- ON Semiconductor Reports Q1 2025 Financial Results
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- ON Semiconductor: Strategic Navigation Amid Challenges and Opportunities Supports Buy Rating
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