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ON Semiconductor (ON) PT Lowered to $100 at B.Riley
October 29, 2024 6:27 AM EDTB.Riley analyst Craig Ellis lowered the price target on ON Semiconductor (NASDAQ: ON) to $100.00 (from $106.00) while maintaining a Buy rating.
The analyst comments "ONs 10/28 pre-market 3Q24 print was above consensus, and while 4Q24s guide was slightly lower on weak auto industry units and traditional industrial, ONs new Auto SiC programs are ramping as expected, and secular Industrial markets like solar... More
