Citi analyst Christopher Danely reiterated the Buy rating and $120 price target on Micron Technology Inc. The price target implies an upside of 39 percent. Danely noted that dynamic random access memory pricing could be higher in the second half of the year. Danely added that PC demand remains “solid,” though some data center customers have held off on…
Here’s Why UBS Is Bullish on Microchip Tech
UBS analyst Pradeep Ramani upgraded Microchip Technology Inc. to Buy from Neutral with a price target of $92, up from $82, suggesting an upside of 21.5 percent. The analyst states that the Analog cycle is transitioning to the inventory build phase. However, it still “has legs” at least through 2022 and likely into the first half of 2023…
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