Stifel Maintains Buy on Microchip Technology, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg has maintained a Buy rating on Microchip Technology (NASDAQ:MCHP) but has reduced the price target from $100 to $96.

January 09, 2024 | 1:59 pm
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Stifel analyst Tore Svanberg maintains a Buy rating on Microchip Technology but lowers the price target from $100 to $96.
The reduction in price target by Stifel could have a mixed impact on Microchip Technology's stock price. While the Buy rating reaffirms confidence in the company's fundamentals, the lowered price target may suggest a more conservative outlook on the stock's valuation, which could lead to short-term price volatility.
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