Needham Maintains Buy on Microchip Technology, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Microchip Technology (NASDAQ:MCHP) but lowers the price target from $100 to $96.
August 05, 2024 | 7:19 pm
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NEUTRAL IMPACT
Needham analyst Quinn Bolton maintains a Buy rating on Microchip Technology but lowers the price target from $100 to $96.
The maintained Buy rating suggests continued confidence in the stock, but the lowered price target indicates a slightly less optimistic outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100