Truist Securities Maintains Buy on Microchip Technology, Raises Price Target to $104
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst William Stein maintains a 'Buy' rating on Microchip Technology (NASDAQ:MCHP) and raises the price target from $95 to $104.
July 14, 2023 | 2:00 pm
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POSITIVE IMPACT
Truist Securities maintains a 'Buy' rating on Microchip Technology and raises the price target from $95 to $104, indicating a positive outlook for the company.
The raised price target by Truist Securities indicates a positive outlook for Microchip Technology. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100