Microsemi Gets Outperform Rating Amid Diversification
Microsemi’s (MSCC) efforts to expand its customer base and product lines prompted an analyst Monday to start coverage of the chipmaker with an outperform rating and a price target of 47. “Microsemi has been credibly transforming itself from a company with an oversized exposure to discretes, and to aerospace and defense, to a bigger company with a more profitable and diversified portfolio of products and end markets,” BMO Capital Markets analyst