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Barclays Initiates Coverage of Microchip Technology (MCHP) with Equal-Weight Recommendation
Barclays has initiated coverage of Microchip Technology (MCHP) with an Equal-Weight recommendation. Analysts project an average one-year price target of $84.34, representing a 6.87% upside from its recent closing price. Institutional ownership shows a slight decrease in the last quarter, yet the put/call ratio indicates a bullish outlook for the company.