Analysts Maintain Intel's Rating Unmoved Amid Programmable Solutions Group Spinoff
Portfolio Pulse from Anusuya Lahiri
Intel Corp (NASDAQ:INTC) plans to spin off its Programmable Solutions Group (PSG) business as a standalone entity. Analysts have mixed views on the move, with Rosenblatt analyst Hans Mosesmann maintaining a Sell rating and a $17 price target, while Mizuho analyst Vijay Rakesh and Roth MKM analyst Suji Desilva both maintain a Neutral rating with a $36 and $35 price target respectively. Truist analyst William Stein reiterated a Hold rating with a $37 price target, and KeyBanc analyst John Vinh maintained a Sector Weight rating with a $35 price target.
October 04, 2023 | 8:20 pm
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NEUTRAL IMPACT
Intel's competitive position against Advanced Micro Devices (AMD) is mentioned by analysts, potentially impacting AMD's stock.
Analysts' mention of Intel's competition with AMD in their ratings could potentially impact AMD's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Intel's decision to spin off its PSG business has received mixed reactions from analysts, potentially impacting its stock price.
The mixed analyst ratings following Intel's announcement to spin off its PSG business could lead to uncertainty among investors, potentially impacting the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Intel's competitive position against Taiwan Semiconductor Manufacturing Company (TSM) is mentioned by analysts, potentially impacting TSM's stock.
Analysts' mention of Intel's competition with TSM in their ratings could potentially impact TSM's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50