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Active-Passive Investor Summit Highlights Exelon, Evolent, Citi

Oct. 8, 2020, 10:14 PM

Exelon Corp., Evolent Health Inc. and Citigroup Inc. were among the stocks pitched at the 13D Monitor Active-Passive Investor Summit on Thursday. Here’s a rundown:

Starboard Value

Starboard Chief Executive Officer Jeffrey Smith pitched ON Semiconductor Corp., citing that it is well positioned moving forward as the majority of the firm’s revenue is exposed to the automotive, industrial and cloud power end markets, which he believes “have a long runway for semiconductor content growth.” While ON’s revenue was impacted by industry-wide volatility, which disproportionately impacted the firm’s profits, the stock is trading at a deep discount to its...

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