Cantor Fitzgerald Reiterates Neutral on ON Semiconductor, $110 PT

Cantor Fitzgerald analyst Matthew Prisco reiterated a Neutral rating and $110 price target on ON Semiconductor (NASDAQ: ON).

“In our Analog preview published July 8th (here), we talked about balanced risk/reward for ON into the print – and since then ON has traded -13% vs. Analog -15% and the SOX -15%.

Today, we are reiterating our view for balanced risk/reward into the print.”

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