Rosenblatt Maintains Buy on Microchip Technology, Lowers Price Target to $110
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Hans Mosesmann has maintained a 'Buy' rating on Microchip Technology (NASDAQ:MCHP) but lowered the price target from $125 to $110.
August 04, 2023 | 3:24 pm
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Rosenblatt has maintained a 'Buy' rating on Microchip Technology but lowered the price target from $125 to $110.
The news is directly related to Microchip Technology (MCHP). While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential slowdown in growth or increased risk, which could have a neutral to slightly negative impact on the stock in the short term.
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IMPORTANCE 80
RELEVANCE 100