ON (NYSE:ONON) Now Covered by Morgan Stanley

Morgan Stanley began coverage on shares of ON (NYSE:ONON) in a report released on Monday, Analyst Ratings Network reports. The firm issued an overweight rating and a $38.00 price objective on the stock.

Several other equities analysts also recently commented on the company. The Goldman Sachs Group started coverage on ON in a research note on Monday. They issued a neutral rating and a $32.00 price objective on the stock. Telsey Advisory Group started coverage on shares of ON in a report on Monday. They set an outperform rating and a $38.00 target price on the stock. Finally, Williams Capital started coverage on shares of ON in a report on Monday, October 4th. They set a sell rating and a $25.00 target price on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $35.78.

ON stock opened at $30.70 on Monday. ON has a 12 month low of $28.10 and a 12 month high of $40.80.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new stake in ON during the third quarter valued at about $30,000. Koshinski Asset Management Inc. purchased a new stake in ON during the third quarter valued at about $45,000. Finally, Focused Wealth Management Inc purchased a new stake in ON during the third quarter valued at about $84,000.

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Analyst Recommendations for ON (NYSE:ONON)

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