Jefferies Assumes Microchip Technology at Buy, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis has assumed coverage of Microchip Technology (NASDAQ:MCHP) with a Buy rating and increased the price target to $115.
May 13, 2024 | 12:38 pm
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Jefferies analyst Blayne Curtis has given Microchip Technology a Buy rating and raised the price target to $115, indicating a positive outlook on the stock.
Analyst ratings and price target adjustments are significant indicators for stock performance in the short term. A Buy rating combined with a raised price target suggests a strong bullish outlook for Microchip Technology, likely leading to positive investor sentiment and potential stock price increase.
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IMPORTANCE 90
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