UPDATE: Morgan Stanley Reiterates on ON Semiconductor as Company Still Has a Way To Go

By: via Benzinga
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
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