Technically MCHP is upgraded to a strong buy at stoxline website this morning with the 39.79 target price in six months.
really? maybe u can explain how they admit earnings is gonna be lower, and that there isn't much promise for the future-yet the stock price estimate is higher? Baffling.....
Sentiment: Strong Sell
On August 2, 2012, Microchip provided guidance of net sales to be approximately $412 to $430 million. Now only 1 month later they miss rev by $13M. If this is the rate, next Q they will miss $42M or even worse.