Summit Insights analyst KinNgai Chan upgraded ON Semiconductor to Buy from Hold. While the firm expects ON to see some financial headwinds in the near-term, it believes ON is less exposed to price pressure than its analog peer group and can outperform given its unique product positioning in the automotive market. Though the firm’s checks have started to point to some moderating of auto market orders, Summit believes ON can offset any demand moderation due to content growth per car.
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Published first on TheFly
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