Citigroup Maintains Neutral on Microchip Technology, Raises Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely maintains a Neutral rating on Microchip Technology (NASDAQ:MCHP) and raises the price target from $76 to $92.
July 18, 2023 | 4:17 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Microchip Technology and raised the price target from $76 to $92.
The news is directly about Microchip Technology. The raised price target indicates a positive outlook, but the Neutral rating suggests that the stock is fairly valued at the moment. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100