05:35 AM EDT, 08/05/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target price at $75, on a P/E of 15x our 2027 EPS view, below peers but near ON's 10-year historical forward average of 15.1x. After posting Q2 results that largely met expectations, we adjust our 2025 EPS estimate to $2.30 from $2.45 but keep 2026 at $3.22 and 2027 at $5.00. We are growing more confident that orders have found a bottom, with a modest recovery seen through the end of next year that should help support an expanding gross margin trajectory. However, the trajectory of the recovery remains in question; nonetheless, we are optimistic about an improving channel inventory and believe that internal inventories will progressively improve in Q3/Q4. Automotive revenue was down around 4% sequentially in Q2, reflecting weakness in Western markets while China prospects appear to be improving. Recent underperformance versus peers could be a reflection of the company's greater representation to electric vehicles, especially as it relates to ON's silicon carbide business.