BEFORE THE BELL- Microchip Tech up after Goldman upgrade

Wed Nov 11, 2009 1:43pm GMT
 
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NEW YORK, Nov 11 (Reuters) - Shares in Microchip Technologies Inc (MCHP.O) rose 0.8 percent to $26.42 in premarket trade on Wednesday after Goldman Sachs upgraded the stock to "neutral" and removed it from its Americas sell list.

The brokerage said the company was beginning to show progress in addressing gaps in its product portfolio. For more on this story, see [ID:nBNG348185] (Reporting by Edward Krudy; Editing by W Simon )

 

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