BMO Capital Downgrades ON Semiconductor (ON) to Market Perform

February 3, 2020 10:44 PM EST
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Price: $37.00 -0.78%

Rating Summary:
    24 Buy, 6 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 13
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BMO Capital analyst Ambrish Srivastava downgraded ON Semiconductor (NASDAQ: ON) from Outperform to Market Perform with a price target of $20.00 (from $28.00).

The analyst comments "While we tend to be patient and are usually loath to changing our ratings after an earnings call, when we hear thesis busting commentary/outlook, we are left with no choice. We now see a very low likelihood of our prior thesis coming to fruition on shares of ON"

For an analyst ratings summary and ratings history on ON Semiconductor click here. For more ratings news on ON Semiconductor click here.

Shares of ON Semiconductor closed at $23.15 yesterday.

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