Mizuho Maintains Buy on Intel, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Buy rating on Intel Corporation (NASDAQ:INTC) but has reduced the price target from $58 to $55.
January 26, 2024 | 7:35 pm
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Mizuho analyst Vijay Rakesh maintains a Buy rating on Intel but lowers the price target to $55, indicating a positive outlook with a slightly reduced growth expectation.
While the Buy rating suggests that Mizuho's outlook on Intel remains positive, the reduction in the price target could imply a more conservative view on the company's short-term growth potential. This might lead to a neutral short-term impact on the stock as the market digests the mixed signals of continued endorsement against a slightly lowered expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100