Wells Fargo Maintains Equal-Weight on Microchip Technology, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley has maintained an Equal-Weight rating on Microchip Technology (NASDAQ:MCHP) and raised the price target from $80 to $90.
August 04, 2023 | 3:46 pm
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Wells Fargo has maintained an Equal-Weight rating on Microchip Technology and raised the price target from $80 to $90, which could potentially lead to an increase in the stock's price.
The raised price target by Wells Fargo indicates a positive outlook for Microchip Technology. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at its current price.
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