UPDATE: Credit Suisse Upgrades ON Semiconductor After Sanyo Headwinds End

In a report published Tuesday, Credit Suisse analyst John Pitzer upgraded ON Semiconductor Corp. (NASDAQ: ONNN ) to Outperform from Neutral, raising its price target to $12.00 from $8.00. According to the report, while analysts maintain their CY13E and CY14E EPS of $0.52 and $0.67 versus street consensus of