Onto Innovation price target lowered to $90 from $110 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Onto Innovation (ONTO) to $90 from $110 and keeps a Neutral rating on the shares. Cantor expects Onto to continue facing headwinds over the next 3-6 months, with likely downside to second half numbers and lack of catalysts ahead of the company’s next-gen Dragonfly ramp, the analyst tells investors in a research note.