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Microchip price target lowered to $70 from $80 at TD Cowen
The Fly

Microchip price target lowered to $70 from $80 at TD Cowen

TD Cowen analyst Matthew Ramsay lowered the firm’s price target on Microchip (MCHP) to $70 from $80 and keeps a Hold rating on the shares. The firm said they reported a miss on sales/GM guide as end market weakness continues to extend digestion.

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