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Benzinga
Benzinga
Business
Priya Nigam

EXPLAINED: Wells fargo upgrades on semiconductor on ev prospects | Vintage Vibes

ON Semiconductor Corp (NASDAQ:ON) has the opportunity to become one of the leading suppliers of silicon carbide (SiC) power devices to the electric vehicle market, according to Wells Fargo.

The ON Semiconductor Analyst: Gary Mobley upgraded the rating for ON Semiconductor from Equal-Weight to Overweight, while raising the price target to $65.

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