ON Semiconductor stock set for a Tuesday test after Stifel lifts target to $60
Stifel raised its price target on ON Semiconductor to $60, maintaining a Hold rating. ON shares closed at $60.33, up 0.1%, as the Philadelphia SE Semiconductor index gained 1.2% Friday. S&P 500 and Nasdaq futures fell after President Trump threatened new tariffs on eight European nations. U.S. markets are closed Monday for Martin Luther King Jr. Day.