Dow Slips But Notches Best Month in Decades as Fed Comes Into Focus
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
ON Semiconductor (ON) PT Lowered to $69 at Benchmark
November 1, 2022 6:19 AM EDTBenchmark analyst Ruben Roy lowered the price target on ON Semiconductor (NASDAQ: ON) to $69.00 (from $72.00) while maintaining a Buy rating.
The analyst comments "Despite the softening macro backdrop On Semis 3Q results topped estimates on continued strength in Automotive, but ongoing softness... More
ON Semiconductor (ON) PT Lowered to $80 at Susquehanna
October 31, 2022 5:04 PM EDTSusquehanna analyst Christopher Rolland lowered the price target on ON Semiconductor (NASDAQ: ON) to $80.00 (from $82.00) while maintaining a Positive rating following earnings.
The analyst commented, "Industrial weakness works into the model, but Auto/SiC mitigates some. GMs and higher 2023 capex disappoint."
... More