Morgan Stanley analyst Joseph Moore lowered the firm’s price target on Microchip (MCHP) to $39 from $53 and keeps an Equal Weight rating on the shares. March-end 2025 revenue is 58% below the June-end 2023 quarter, notes the analyst, who thinks certain concerns are “overblown,” but adds that revenue growth is necessary to drive upside.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCHP:
- Microchip completes family of radiation-hardened power MOSFETs
- Microchip price target lowered to $60 from $80 at Stifel
- Microchip price target lowered to $44 from $53 at BofA
- Microchip announces release of BR235, BR235D series of power relays
- Trump looks at semiconductors, electronics supply chain in tariff investigation