Wolfe Research Upgrades Microchip Technology to Outperform, Announces $105 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Chris Caso upgraded Microchip Technology (NASDAQ:MCHP) from Peer Perform to Outperform and set a price target of $105. This upgrade suggests a positive outlook on the company's performance.
January 18, 2024 | 10:18 am
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Microchip Technology was upgraded by Wolfe Research from Peer Perform to Outperform with a new price target of $105, indicating a bullish perspective on the stock's future performance.
Upgrades by analysts, especially from neutral to outperform ratings, typically lead to positive investor sentiment and can result in a short-term increase in stock price. The new price target of $105 suggests a significant upside from the current trading price, which may attract investors.
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