Truist Securities Maintains Buy on Microchip Technology, Lowers Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
Truist Securities maintains a Buy rating on Microchip Technology but lowers the price target from $96 to $89.
August 02, 2024 | 1:14 pm
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Truist Securities analyst William Stein maintains a Buy rating on Microchip Technology but lowers the price target from $96 to $89.
The Buy rating suggests continued confidence in Microchip Technology's performance, but the lowered price target indicates some caution about its near-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100