UPDATE: Stifel Nicolaus Raises PT on Microchip Technology Following June Quarter Review

In a report published Thursday, Stifel Nicolaus analyst Kevin Cassidy reiterated a Buy rating on Microchip Technology (NASDAQ: MCHP ), and raised the price target from $50.00 to $51.00. In the report, Stifel Nicolaus noted, “In our view, Microchip continues to benefit from its strategy for worker rotation rather than