Needham Maintains Buy on Microchip Technology, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Rajvindra Gill maintains a 'Buy' rating on Microchip Technology (NASDAQ:MCHP) but has lowered the price target from $100 to $85.
November 03, 2023 | 11:04 am
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Needham analyst has maintained a 'Buy' rating on Microchip Technology but lowered the price target from $100 to $85.
The news is directly related to Microchip Technology. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential slowdown in growth or increased risk, which could have a neutral to slightly negative impact on the stock price in the short term.
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