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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (84401)1/7/2020 9:01:35 AM
From: Sam1 Recommendation

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Analysts see bottom in Microchip outlook
Jan. 7, 2020 7:43 AM ET|About: Microchip Technology Incorp... (MCHP)|By: Brandy Betz, SA News Editor


KeyBanc maintains an Overweight rating on Microchip (NASDAQ: MCHP) and raises the target from $110 to $120 after yesterday's Q3 outlook.

The firm sees the December quarter marking the bottom of the current downturn.

KeyBanc sees Microchip strength across data center, industrial, and auto.

Citi (Buy, $109 target) continues to expect upside to consensus, citing Microchip's "superior earnings growth."

The firm advises buying Texas Instruments (NASDAQ: TXN) in the wake of Microchip's results, expecting a beat and raise during earnings.

Microchip shares are up 4.8% pre-market to $108.70. The company has a Bullish average Sell Side rating.

seekingalpha.com



To: Sam who wrote (84401)1/7/2020 9:28:25 AM
From: Sam2 Recommendations

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oldbeachlvr
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Just heard that Cowen also upgraded Micron with a PT of $70. Micron also up premarket almost $2.

Don't know why I couldn't find an article on it. No doubt one will appear in time.