Morgan Stanley Maintains Overweight on Microchip Technology, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on Microchip Technology (NASDAQ:MCHP) but lowered the price target from $101 to $96.
October 11, 2023 | 2:31 pm
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Morgan Stanley has maintained an Overweight rating on Microchip Technology but lowered the price target from $101 to $96.
The news is directly related to Microchip Technology. While the Overweight rating indicates a positive outlook, the lowering of the price target might create some uncertainty among investors. This could potentially lead to short-term volatility in the stock price.
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