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JPMorgan downgraded Analog Devices (ADI) and ON Semiconductor (ONNN) stocks to neutral from overweight on Tuesday, citing slower growth and stock underperformance. At the same time, the equity research firm said in a report Tuesday that the semiconductor industry “has entered a more stable and less cyclical growth phase.” “We are downgrading Analog Devices and ON Semiconductor from overweight to neutral as our overweight-rated thesis has not Scalper1 News
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