Susquehanna Maintains Positive on Microchip Technology, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland has maintained a positive rating on Microchip Technology (NASDAQ:MCHP) but lowered the price target from $100 to $95.
October 24, 2023 | 3:16 pm
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Microchip Technology's price target has been lowered from $100 to $95 by Susquehanna, although the rating remains positive.
The lowering of the price target by Susquehanna could lead to a short-term negative impact on MCHP's stock price as it indicates a lower expected future value. However, the maintained positive rating suggests that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100