Wells Fargo Maintains Equal-Weight on Intel, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers has maintained an Equal-Weight rating on Intel Corporation (NASDAQ:INTC) but has reduced the price target from $52 to $48.
January 26, 2024 | 2:24 pm
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Wells Fargo analyst maintains an Equal-Weight rating on Intel and lowers the price target from $52 to $48, indicating a potential downside compared to the previous target.
The reduction in price target by a major analyst like Wells Fargo suggests a less optimistic outlook on Intel's stock performance in the short term. This could lead to negative investor sentiment and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100