Rosenblatt Reiterates Buy on Microchip Technology, Maintains $110 Price Target
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Hans Mosesmann has reiterated a 'Buy' rating on Microchip Technology (NASDAQ:MCHP) and maintained a price target of $110.
September 20, 2023 | 3:14 pm
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Rosenblatt analyst Hans Mosesmann has reiterated a 'Buy' rating on Microchip Technology and maintained a price target of $110.
The reiteration of a 'Buy' rating by a reputable analyst like Hans Mosesmann is a positive signal for the stock. The maintained price target of $110 indicates that the analyst believes the stock has potential for growth. 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