JP Morgan Maintains Underweight on Intel, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur maintains an Underweight rating on Intel (NASDAQ:INTC) and raises the price target from $30 to $35.
July 28, 2023 | 11:14 am
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JP Morgan maintains an Underweight rating on Intel and raises the price target from $30 to $35.
The news is directly about Intel and its stock rating by JP Morgan. The analyst maintains an Underweight rating, indicating a belief that the stock will underperform the market. However, the price target has been raised from $30 to $35, which suggests some positive outlook. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100