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Maxim Group Downgrades Brooklyn to Hold

Maxim Group analyst Jason McCarthy downgrades Brooklyn (NASDAQ:BTX) from Buy to Hold.
byBenzinga Newsdesk
October 12, 2022
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Maxim Group analyst Jason McCarthy downgrades Brooklyn (NASDAQ:BTX) from Buy to Hold.

 
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ON Semiconductor Corp (ON) beat fiscal first-quarter 2024 revenue and adjusted EPS expectations. Revenue growth in Power Solutions Group, decline in adjusted gross and operating margins. Second-quarter guidance below consensus, analyst predicts steady recovery in second half. EV market set to grow 20%+ long-term. ON stock down 13% in last 12 months, can be accessed through QCLN and SHOC. ON shares down 0.37% premarket.

ON