UPDATE: Morgan Stanley Reiterates on ON Semiconductor as Company Still Has a Way To Go
February 07, 2014 at 09:27 AM EST
In a report published Friday, Morgan Stanley analyst Craig Hettenbach reiterated an Underweight rating on ON Semiconductor (NASDAQ: ONNN ), and raised the price target from $6.50 to $7.00. In the report, Morgan Stanley noted, “The improvement in ON's business is encouraging, although [that] should not prove that surprising given