Piper Sandler Upgrades Microchip Technology to Overweight, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has upgraded Microchip Technology (NASDAQ:MCHP) from Neutral to Overweight and raised the price target from $90 to $100.
August 16, 2024 | 9:36 am
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POSITIVE IMPACT
Piper Sandler has upgraded Microchip Technology from Neutral to Overweight and increased the price target from $90 to $100.
The upgrade from Neutral to Overweight and the increase in price target to $100 by Piper Sandler is likely to positively impact Microchip Technology's stock price in the short term as it reflects increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100