TD Cowen Maintains Hold on Microchip Technology, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Joshua Buchalter maintains a Hold rating on Microchip Technology (NASDAQ:MCHP) and raises the price target from $80 to $90.
May 07, 2024 | 4:49 pm
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POSITIVE IMPACT
TD Cowen maintains a Hold rating on Microchip Technology but raises the price target from $80 to $90.
The increase in price target by TD Cowen suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a positive short term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90