UBS Maintains Buy on Microchip Technology, Lowers Price Target to $120

Benzinga Newsdesk www.benzinga.com Neutral 63.6%

Neg 0% Neu 63.6% Pos 0%

UBS analyst Timothy Arcuri maintains Microchip Technology (NASDAQ:MCHP) with a Buy and lowers the price target from $130 to $120.