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TheStreet Ratings Turns ON Semiconductor (ON), Upgrades Stock to Buy

NEW YORK (TheStreet) -- Shares of ON Semiconductor (ON - Get Report) got off to a strong start in Friday's trading session, but have since faltered, spending time in both positive and negative territory this afternoon. The stock was down 0.2% to $9.50 in afternoon trading.

TheStreet Ratings quant service upgraded the company's stock to "buy" from "hold" while also upping its letter grade to B- from C+. TheStreet identified multiple strengths in the company that it said outweighed its weaknesses. Those strengths include an increase in net income, reasonable valuation levels, notable return...


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