Truist Securities Downgrades Microchip Technology to Hold, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Microchip Technology from Buy to Hold and reduced its price target from $89 to $80.
September 23, 2024 | 2:19 pm
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Truist Securities has downgraded Microchip Technology from Buy to Hold, reducing the price target from $89 to $80. This suggests a more cautious outlook on the stock.
The downgrade from Buy to Hold indicates a less optimistic view on Microchip Technology's stock performance. The reduced price target suggests expectations of lower future stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100