Citi lowered the firm’s price target on Microchip (MCHP) to $91 from $92 and keeps a Buy rating on the shares. The firm updated the company’s model post the earnings report.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCHP:
- Microchip Technology: Gradual Recovery and Limited Visibility Justify Hold Rating and Lowered $70 Target
- Closing Bell Movers: Amazon slammed 10% on earnings, dragging down futures
- Microchip reports Q3 EPS 44c, consensus 43c
- Microchip sees Q4 EPS 48c-52c, consensus 49c
- Microchip options imply 5.4% move in share price post-earnings