Goldman Sachs Maintains Neutral on Microchip Technology, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Neutral rating on Microchip Technology (NASDAQ:MCHP) and lowered the price target from $87 to $77.
February 02, 2024 | 3:47 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral rating on Microchip Technology but lowers the price target from $87 to $77.
The reduction in the price target by Goldman Sachs, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Microchip Technology.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100