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Fly News Breaks for August 9, 2016
MCHP, ATML
Aug 9, 2016 | 09:22 EDT
Needham analyst Rajvindra Gill raised his price target for Microchip (MCHP) to $70 from $60 following a "significant" quarter beat and raise. The analyst remains confident on the company's long-term earnings power and possible upside over the next several quarters as it folds Atmel's (ATML) operations into its efficient operating model. Gill reiterates a Buy rating on Microship's shares.
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