By: Benzinga
December 13, 2012 at 12:34 PM EST
UPDATE: Goldman Sachs Upgrades Microchip Technology to Neutral on Valuation
Goldman Sachs raised its rating on Microchip Technology (NASDAQ: MCHP ) from Sell to Neutral with a $29 price target. Goldman Sachs said, "We upgrade Microchip to Neutral from Sell. Recall we were Sell-rated as we believed MCHP traded at an unwarranted premium to the group. We believe valuation
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