Raymond James Maintains Outperform on Intel, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has maintained an Outperform rating on Intel (NASDAQ:INTC), but lowered the price target from $42 to $40.
October 25, 2023 | 11:46 am
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Intel's price target has been lowered from $42 to $40 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, but the maintained Outperform rating suggests that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on Intel's stock price.
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IMPORTANCE 70
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