Wedbush Maintains Neutral on Intel, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Matthew Bryson has maintained a Neutral rating on Intel Corporation (NASDAQ:INTC) but has lowered the price target from $45 to $40. This adjustment reflects a more cautious stance on the company's stock value.
January 26, 2024 | 1:52 pm
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NEGATIVE IMPACT
Wedbush analyst Matthew Bryson maintains a Neutral rating on Intel but reduces the price target from $45 to $40, indicating a potential downside or limited upside for the stock.
The reduction in price target by a prominent analyst suggests that there may be underlying concerns about Intel's future performance or market conditions that could negatively affect the stock price in the short term. As price targets can influence investor sentiment and stock valuation, this news is likely to be taken seriously by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100