Microchip price target raised to $78 from $72 at BofA

1 day ago 1

BofA raised the firm’s price target connected Microchip (MCHP) to $78 from $72 and keeps a Neutral standing connected the shares. The steadfast raised terms targets for astir of its diversified analog semi banal coverage, noting that it expects humble calendar Q4 beats and Q1 raises crossed the committee led by concern semis fixed ongoing rebounds crossed astir subsegments, favorable pricing, and robust maturation successful strategical AI businesses.

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