Truist raised the firm’s price target on On Semi (ON) to $49 from $43 but keeps a Hold rating on the shares. The company’s Q2 results and Q3 outlook exceeded consensus, though its recovery looks much more moderate than many investors expected, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ON:
- Block downgraded, Wayfair upgraded: Wall Street’s top analyst calls
- On Semi price target raised to $58 from $56 at B. Riley
- Here’s How Analysts Reacted to the Post-Earnings Selloff in On Semiconductor Stock
- On Semi price target raised to $60 from $50 at Benchmark
- On Semi price target lowered to $50 from $55 at UBS