Susquehanna Maintains Positive on Microchip Technology, Lowers Price Target to $90
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 $95 to $90.
November 03, 2023 | 2:10 pm
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Despite a lowered price target, Susquehanna maintains a positive outlook on Microchip Technology, indicating continued confidence in the company's performance.
The lowered price target may initially cause some investor concern, potentially leading to short-term price volatility. However, the maintained positive rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100