Mizuho Upgrades Microchip Technology to Buy, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has upgraded Microchip Technology (NASDAQ:MCHP) from Neutral to Buy and raised the price target from $85 to $115.
May 24, 2024 | 9:37 am
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Mizuho analyst Vijay Rakesh has upgraded Microchip Technology from Neutral to Buy and raised the price target from $85 to $115.
The upgrade from Neutral to Buy and the significant increase in the price target from $85 to $115 by a reputable analyst at Mizuho is likely to positively impact investor sentiment and drive the stock price higher in the short term.
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