Jefferies Starts Microchip Technology (MCHP) at Buy

July 19, 2011 7:29 AM EDT
Get Alerts MCHP Hot Sheet
Price: $79.17 --0%

Rating Summary:
    26 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 18 | New: 20
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Jefferies initiates coverage on Microchip Technology (NASDAQ: MCHP) with a Buy rating and $40 price target.

The firm cited: "1) Product cycle in 16-bit, 32-bit, and touch controller 2) Early to earnings confessional."

For more ratings news on Microchip Technology click here and for the rating history of Microchip Technology click here.

Shares of Microchip Technology closed at $31.97 yesterday.


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