Goldman Sachs Maintains Neutral on Microchip Technology, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari maintains a Neutral rating on Microchip Technology (MCHP) and lowers the price target from $87 to $77.
February 05, 2024 | 3:48 pm
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NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Microchip Technology but lowered 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 MCHP's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100