Microchip Technology Shares Rise After BofA Upgrade

MT Newswires Live

01/29

Microchip Technology (MCHP) shares rose 7.5% in recent Wednesday trading after BofA Securities upgraded the stock to buy from neutral with a price target of $95 per share.

Trading volume stood at nearly 9.8 million shares, compared with a daily average of around 8.9 million.

Price: 80.82, Change: +5.66, Percent Change: +7.53

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