Mizuho Maintains Neutral on Microchip Technology, Raises Price Target to $89
Portfolio Pulse from richadhand@benzinga.com
Mizuho analyst Vijay Rakesh has maintained a Neutral rating on Microchip Technology (NASDAQ:MCHP) and raised the price target from $79 to $89.

July 20, 2023 | 3:41 pm
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NEUTRAL IMPACT
Mizuho has maintained a Neutral rating on Microchip Technology and raised the price target from $79 to $89.
The news is directly about Microchip Technology. Mizuho's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $79 to $89 suggests a positive long-term outlook. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100