Stifel Maintains Buy on Microchip Technology, Raises Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a Buy rating on Microchip Technology (NASDAQ:MCHP) and raises the price target from $98 to $102.
May 01, 2024 | 1:19 pm
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Stifel analyst Tore Svanberg maintains a Buy rating on Microchip Technology and raises the price target from $98 to $102.
The increase in price target by Stifel reflects a positive outlook on Microchip Technology, suggesting confidence in the company's future performance. This analyst endorsement is likely to instill investor confidence, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100