On Semi price target raised to $75 from $50 at Susquehanna

Susquehanna raised the firm’s price target on On Semi (ON) to $75 from $50 and keeps a Positive rating on the shares as part of a Q2 preview for the semiconductor group. The firm expects in-line to modest upside reports, driving by tariff-related demand pull-ins and continued artificial intelligence strength. However, the back half of the year is more uncertain, the analyst tells investors in a research note.