Morgan Stanley Maintains Overweight on Microchip Technology, Raises Price Target to $101
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on Microchip Technology (NASDAQ:MCHP) and raised the price target from $97 to $101.
August 04, 2023 | 6:17 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on Microchip Technology and raised the price target from $97 to $101, which could lead to a positive market reaction.
The raised price target by Morgan Stanley indicates a positive outlook for Microchip Technology. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100