Stifel analyst Tore Svanberg raised the agency’s worth goal on Microchip (MCHP) to $70 from $60 and retains a Purchase ranking on the shares after fiscal This fall outcomes have been larger than estimates, the fiscal Q1 outlook was above expectations, and administration offered an replace on its “9 Level Restoration Plan.” The agency believes Microchip continues to maneuver in the suitable route, swiftly executing significant adjustments with rapid and long-term optimistic results, the analyst tells traders in a post-earnings notice.
Revealed first on TheFly – the last word supply for real-time, market-moving breaking monetary information. Strive Now>>
See the highest shares advisable by analysts >>
Learn Extra on MCHP:
Disclaimer & DisclosureReport an Problem
