onsemi (ON) August 2 weekly 68 straddle priced into quarter results

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CFRA Upgrades ON Semiconductor (ON) to Hold

July 29, 2024 11:41 AM EDT

CFRA analyst Angelo Zino upgraded ON Semiconductor (NASDAQ: ON) from Sell to Hold with a price target of $80.00 (from $70.00).

The analyst comments "We up our 12-month target to $80 from $70 on a near historical P/E of 17x our 2025 EPS view. We raise our 2024 EPS view to... More