Microchip Technology Rebounds as Analysts Say It Could Benefit From 'Analog Renaissance'
Microchip Technology(MCHP) Investopedia·2024-01-10 03:40
Key TakeawaysMicrochip Technology shares dropped in early trading Tuesday after the company lowered its outlook, citing weak demand due to economic conditions.However, shares rebounded later in the session as Jefferies analysts raised their price target on the stock and said it could benefit from an "Analog Renaissance."Microchip Technology is set to report its latest quarterly earnings results on Feb. 1.Microchip Technology (MCHP) shares rebounded from early losses Tuesday as Jefferies analysts raised thei ...