ON Semiconductor (ON) Reports In-Line Q2 EPS; Issues Q3 Outlook

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Go back to ON Semiconductor (ON) Reports In-Line Q2 EPS; Issues Q3 Outlook

Wedbush Downgrades ON Semiconductor (ON) to Neutral

August 4, 2015 7:50 AM EDT

Wedbush downgraded ON Semiconductor (NASDAQ: ON) from Outperform to Neutral with a price target of $12.00 (from $16.00), saying they expect choppy waters ahead from uncertain macro.

Analyst Betsy Van Hees commented, "While we continue to believe that ON will benefit in 2016 from (1) revenue growth opportunities in Aptina, Auto, and Industrial, (2) sustained profitability in... More