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Jefferies Downgrades Onto Innovation (ONTO) to Hold, Cuts PT

By Yahoo! Finance   |   4 weeks ago
Jefferies Downgrades Onto Innovation (ONTO) to Hold, Cuts PT

Jefferies downgraded Onto Innovation Inc. due to concerns over AI Packaging market correction. The company needs to regain market share by 2027. Analysts doubt its return to double-digit growth and foresee lasting impacts on its CoWoS market opportunity.

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