ON Semiconductor (ON) gains on long-term supply deal with BMW

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ON Semiconductor (ON) SiC win with BMW 'a positive' - Rosenblatt

March 7, 2023 10:35 AM EST

Rosenblatt analyst Kevin Cassidy reiterated a Buy rating and $95.00 price target on ON Semiconductor (NASDAQ: ON), saying last night's announcement it won a long term supply agreement with BMW for its EliteSiC technology is positive for the shares.

"We see onsemi's increasing SiC substrate... More