Wolfe Research Maintains Underperform on Intel, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Chris Caso maintains an 'Underperform' rating on Intel (NASDAQ:INTC) and raises the price target from $27 to $31.
July 28, 2023 | 10:08 am
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Despite the raised price target from $27 to $31, Wolfe Research maintains an 'Underperform' rating on Intel.
The 'Underperform' rating indicates that the analyst believes Intel's stock will do worse than the market average. This could potentially lead to a decrease in the stock's price. However, the raised price target from $27 to $31 suggests that the analyst sees some potential for improvement in the future.
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