Microchip Technology (MCHP) PT Raised to $112 at Susquehanna
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Price: $79.17 +1.91%
Rating Summary:
26 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
26 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Susquehanna analyst Christopher Rolland raised the price target on Microchip Technology (NASDAQ: MCHP) to $112.00 (from $105.00) while maintaining a Positive rating following generally in-line C3Q19 results, but significantly worse than expected C4Q19 guidance as management continues to blame trade uncertainty for macro weakness.
"Despite a strong month of October, trade tensions and customer uncertainty continue to weigh as we look for a (second) bottom," Rolland commented.
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