Citi raised the firm’s price target on On Semi (ON) to $68 from $66 and keeps a Neutral rating on the shares. The firm views the company’s Q4 report as roughly inline with consensus.
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- Balanced Outlook on ON Semiconductor: Gradual Margin Recovery and AI Upside Tempered by Near-Term Rebound Uncertainty
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- On Semi reports Q4 non-GAAP EPS 64c, consensus 62c
