Keybanc Maintains Overweight on Microchip Technology, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Weston Twigg maintains an Overweight rating on Microchip Technology (NASDAQ:MCHP) and raises the price target from $90 to $110.
May 07, 2024 | 4:18 pm
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Keybanc analyst Weston Twigg maintains an Overweight rating on Microchip Technology and raises the price target from $90 to $110.
The upgrade in the price target by a reputable analyst like Weston Twigg suggests a strong confidence in Microchip Technology's future performance. This is likely to be viewed positively by the market, potentially leading to a short-term increase in the stock price as investors adjust their valuations based on the new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100