ON Semiconductor Delivers Earnings and Guidance Beat but Shares Fall on Commentary

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ON Semiconductor (ON) PT Raised to $77 at Jefferies

August 2, 2022 9:23 AM EDT

Jefferies analyst Mark Lipacis raised the price target on ON Semiconductor (NASDAQ: ON) to $77.00 (from $75.00) while maintaining a Buy rating following results.

The analyst commented, "Post 2Q earnings, we continue to favor ON as a top turnaround and SiC play. 2Q... More