- Mizuho analyst Vijay Rakesh downgraded Microchip Technology Inc (NASDAQ:MCHP) to Neutral from Buy with a price target of $160, down from $165, implying a 15.1% upside.
- Rakesh sought to be more timely defensive and selective post 150% move in the PHLX Semiconductor Sector Index (SOX) year-to-date.
- He predicted tougher auto and industrial comps with China’s slowdown and insatiable order growth correction.
- Price action: MCHP shares traded lower by 2.63% at $139.77 on the last check Thursday.
A Look Into Bloomin Brands’s Debt
Over the past three months, shares of Bloomin Brands (NASDAQ:BLMN) rose by 19.19%. Before having a look at the importance of debt, let us look at how much debt Bloomin Brands has.
