Stifel Maintains Equal-Weight on Microchip Technology, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains an Equal-Weight rating on Microchip Technology (NASDAQ:MCHP) and raises the price target from $95 to $105.
July 20, 2023 | 4:41 pm
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Stifel analyst Tore Svanberg maintains an Equal-Weight rating on Microchip Technology and raises the price target from $95 to $105.
The raised price target by Stifel indicates a positive outlook for Microchip Technology. This could potentially lead to an increase in the stock price in the short term as it signals confidence in the company's performance.
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