The Fly

Microchip price target raised to $80 from $77 at Stifel

Stifel analyst Tore Svanberg raised the firm’s price target on Microchip to $80 from $77 and keeps a Buy rating on the shares after the company reiterated its quarterly guidance initially issued on November 3 and reaffirmed its March quarter sequential growth expectations. He continues to believe that Microchip can manage a "softer landing relative to peers" during the broader industry correction, Svanberg tells investors.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on MCHP:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More