Intel shares are trading lower after Raymond James maintained an Outperform rating on the stock but lowered its price target from $42 to $40.
Portfolio Pulse from Benzinga Newsdesk
Raymond James has maintained an Outperform rating on Intel's stock but has lowered its price target from $42 to $40. This has resulted in Intel's shares trading lower.
October 25, 2023 | 4:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Intel's shares are trading lower after Raymond James maintained an Outperform rating but lowered its price target from $42 to $40.
The lowering of the price target by Raymond James, a significant market analyst, has led to a decrease in Intel's share price. Despite the Outperform rating being maintained, the reduced price target indicates a less optimistic outlook for the company's stock, leading to negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100