Morgan Stanley analyst Joseph Moore raised the firm’s price target on Microchip (MCHP) to $68 from $63 and keeps an Equal Weight rating on the shares ahead of the company’s report due after the market close on Thursday, November 6. The firm, which notes hearing from analog peers that have already reported that inventory depletion is largely complete, expects Microchip to guide to another quarter of sequential growth for the December quarter, the analyst tells investors in a preview.
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