Wolfe Research Initiates Coverage On Intel with Underperform Rating, Announces Price Target of $27
Portfolio Pulse from richadhand@benzinga.com
Wolfe Research analyst Chris Caso has initiated coverage on Intel (NASDAQ:INTC) with an Underperform rating and a price target of $27.
July 20, 2023 | 8:50 am
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Intel has been given an Underperform rating by Wolfe Research with a price target of $27.
The Underperform rating from Wolfe Research indicates a negative outlook for Intel's stock in the short term. The price target of $27, if significantly lower than the current trading price, could lead to a downward pressure on the stock as it suggests that the analyst believes the stock is overvalued at its current price.
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IMPORTANCE 80
RELEVANCE 100