B. Riley Securities Maintains Buy on Microchip Technology, Lowers Price Target to $103
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities maintains a Buy rating on Microchip Technology (NASDAQ:MCHP) but lowers the price target from $110 to $103.
August 02, 2024 | 4:06 pm
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NEUTRAL IMPACT
B. Riley Securities maintains a Buy rating on Microchip Technology but lowers the price target from $110 to $103.
The Buy rating suggests continued confidence in Microchip Technology's performance, 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