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On Semi price target raised to $70 from $60 at BofA

On Semi price target raised to $70 from $60 at BofA

BofA raised the firm's price target on On Semi (ON) to $70 from $60 and keeps a Buy rating on the shares as part of a Q2 preview for the analog semiconductor group. The firm says industrial and auto data points are mixed but improving in the near-term.
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