Rosenblatt Maintains Buy on Microchip Technology, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Hans Mosesmann maintains a Buy rating on Microchip Technology (NASDAQ:MCHP) but lowers the price target from $100 to $90.
August 05, 2024 | 3:52 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Rosenblatt analyst Hans Mosesmann maintains a Buy rating on Microchip Technology but lowers the price target from $100 to $90.
The Buy rating suggests continued confidence in the company'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