UPDATE: J.P. Morgan Raises PT on Microchip Technology on June Quarter Guidance
June 04, 2013 at 09:12 AM EDT
In a report published Tuesday, J.P. Morgan analyst Christopher Danely raised the price target on Microchip Technology (NASDAQ: MCHP ) from $34 to $35 and maintained a Neutral rating on the company. In the report, J.P. Morgan stated, "Yesterday after the close, Microchip raised its June quarter guidance due to stronger
