ON Semiconductor’s Recovery Is Taking Shape — But Stifel Isn’t Sold Yet
Stifel raises ON Semiconductor’s price target to $80 from $75 while maintaining Hold, citing completed inventory correction but uncertain demand recovery.
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Why It Matters
ON Semiconductor fixed its inventory problem, which is good news. But the bank is not yet sure demand will come back strong.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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