ON Semiconductor Price Target Cut to $97.00/Share From $105.00 by B. Riley Securities

What happened

B. Riley Securities cut its price target on ON Semiconductor to $97.00 per share from $105.00 while keeping a Buy rating on the stock, according to ratings actions reported by Benzinga.

Confirmed

Global impact / market context

A lower price target means the analyst expects less upside than before, even while still recommending the stock. This can shape how investors judge the company's value and whether they buy, hold, or sell shares.

Analyst inference

Price target changes are common analyst updates that reflect revised views on a company's future profit and risk. A Buy rating kept alongside a cut suggests the analyst still sees value but with more caution than previously.

Analyst inference

What to watch

1. B. Riley Securities maintained its Buy rating on ON Semiconductor while reducing its price target to $97.00 per share from $105.00. Confirmed
2. Investors could compare this revised target with the stock's current trading price to judge how much upside the analyst still sees. Proposed
3. Further analyst updates or company results may show whether the reasons behind the lower target, such as weaker expected profit, persist over coming quarters. Analyst inference

Evidence

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