ON Semiconductor (ON) PT Raised to $57 at Susquehanna

August 2, 2021 1:48 PM EDT
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Price: $49.29 -0.14%

Rating Summary:
    24 Buy, 7 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 5 | New: 7
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Susquehanna analyst Christopher Rolland raised the price target on ON Semiconductor (NASDAQ: ON) to $57.00 (from $48.00) while maintaining a Positive rating following results and guidance.

The analyst commented, "While we had strong conviction in this turnaround, it appears to be progressing even faster than our optimistic expectations. We believe more constructive details are to come at their Investor Day on Thursday."

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