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Fly News Breaks for March 2, 2018
MSCC, MCHP
Mar 2, 2018 | 07:59 EDT
SunTrust analyst William Stein upgraded Microchip (MCHP) to Buy from Hold and raised his price target to $108 from $97 after the company's bid for Microsemi (MSCC). Stein believes that the acquisition will be "significantly accretive", topping the managements outlook based on its cross-selling opportunities. The analyst also expects the regulatory approval process that spans 6 countries to be "relatively straightforward" since the companies have little product overlap.
News For MCHP;MSCC From the Last 2 Days
