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Microchip Technology (MCHP): Wells Fargo Raises Price Target to
Wells Fargo maintained an Equal-Weight rating on Microchip Technology (MCHP) and increased its price target from $68.00 to $70.00, reflecting a 2.94% rise. This update follows Microchip Technology’s sustained market performance and aligns with several other analysts who have recently raised their price targets for the company. Despite positive analyst ratings and an “Outperform” consensus, GuruFocus estimates a potential downside of 24.15% from the current price based on its GF Value calculation.