Citigroup Maintains Neutral on Intel, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely maintains a Neutral rating on Intel (NASDAQ:INTC) and raises the price target from $29.5 to $34.
July 18, 2023 | 4:22 pm
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Citigroup has maintained a Neutral rating on Intel and raised the price target from $29.5 to $34.
The news is directly about Intel. Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant changes in Intel's stock performance. However, the increase in price target from $29.5 to $34 suggests a positive outlook, which could potentially lead to a slight increase in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100