Wolfe Research Initiates Coverage On Microchip Technology with Peer Perform Rating
Portfolio Pulse from richadhand@benzinga.com
Wolfe Research analyst Chris Caso has initiated coverage on Microchip Technology with a Peer Perform rating.
July 20, 2023 | 9:17 am
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NEUTRAL IMPACT
Microchip Technology has been given a Peer Perform rating by Wolfe Research, indicating that the stock is expected to perform in line with its peers.
A Peer Perform rating suggests that the analyst expects the stock to perform on par with its peers in the industry. This could mean that there are no significant catalysts that could drive the stock price significantly higher or lower in the short term. Therefore, the impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100