Morgan Stanley Maintains Equal-Weight on Intel, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Intel Corporation (NASDAQ:INTC) and increased the price target from $39 to $48.
January 29, 2024 | 4:16 pm
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Morgan Stanley has raised the price target for Intel from $39 to $48 while maintaining an Equal-Weight rating.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on Intel's valuation, which could lead to increased investor confidence and a potential short-term rise in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100