Microchip Technology (MCHP) says unauthorized party disrupted the Company’s use of certain servers and some business operations

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Go back to Microchip Technology (MCHP) says unauthorized party disrupted the Company’s use of certain servers and some business operations

Citi Reiterates Buy Rating on Microchip Technology (MCHP)

August 21, 2024 4:56 AM EDT

Citi analyst Christopher Danely reiterated a Buy rating and $92.00 price target on Microchip Technology (NASDAQ: MCHP).

The analyst comments "Yesterday, MCHP disclosed that its information technology systems were breached, and the incident impacted its manufacturing operations and could impede the ability to... More