B of A Securities Downgrades Microchip Technology to Neutral, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Microchip Technology (NASDAQ:MCHP) from Buy to Neutral and lowered the price target from $110 to $90.
August 02, 2024 | 11:03 am
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NEGATIVE IMPACT
B of A Securities has downgraded Microchip Technology from Buy to Neutral and reduced the price target from $110 to $90.
The downgrade from Buy to Neutral and the significant reduction in the price target from $110 to $90 by B of A Securities is likely to negatively impact investor sentiment and the stock price of Microchip Technology in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100