Intel shares are trading higher after B of A Securities upgraded the stock from Underperform to Neutral and raised its price target from $32 to $50.
Portfolio Pulse from Benzinga Newsdesk
Intel's stock (INTC) is trading higher following an upgrade from B of A Securities, which changed its rating from Underperform to Neutral and increased the price target from $32 to $50.
December 15, 2023 | 3:59 pm
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Intel Corporation's stock is experiencing an uptick after B of A Securities upgraded the rating to Neutral from Underperform and raised the price target to $50 from $32.
Upgrades by major securities firms can lead to increased investor confidence and a potential short-term rise in stock price. The substantial increase in the price target suggests a more favorable outlook for Intel, which may influence investors to reassess the company's value.
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