HSBC Upgrades Intel to Hold, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Frank Lee has upgraded Intel (NASDAQ:INTC) from Reduce to Hold and raised the price target from $27 to $33.
October 27, 2023 | 9:40 am
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Intel's rating has been upgraded from Reduce to Hold by HSBC, with a price target increase from $27 to $33.
The upgrade from HSBC indicates a more positive outlook for Intel. The increase in price target suggests that HSBC believes Intel's stock is undervalued at its current price, which could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100