onsemi (ON) signs multi-year deal with Volkswagen

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Go back to onsemi (ON) signs multi-year deal with Volkswagen

CFRA Double Downgrades ON Semiconductor (ON) to Sell

July 24, 2024 3:06 PM EDT

CFRA analyst Angelo Zino downgraded ON Semiconductor (NASDAQ: ON) from Buy to Sell with a price target of $70.00 (from $85.00).

The analyst comments "We reduce our 12-month target to $70 from $85 on a lower revised P/E of 15.5x our 2025 EPS view, which is below the... More