JP Morgan Maintains Overweight on Microchip Technology, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur maintains an Overweight rating on Microchip Technology (NASDAQ:MCHP) but lowers the price target from $110 to $100.
August 02, 2024 | 12:29 pm
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JP Morgan analyst Harlan Sur maintains an Overweight rating on Microchip Technology but lowers the price target from $110 to $100.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100