ON Crosses Above Average Analyst Target
February 07, 2019 at 08:09 AM EST
In recent trading, shares of ON Semiconductor Corp (ON) have crossed above the average analyst 12-month target price of $22.46, changing hands for $22.82/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..