Citigroup Maintains Neutral on Intel, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely maintains a Neutral rating on Intel (NASDAQ:INTC) and lowers the price target from $47.5 to $40, indicating a cautious outlook on the stock.

April 15, 2024 | 2:50 pm
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Citigroup lowers Intel's price target from $47.5 to $40 while maintaining a Neutral rating, reflecting a cautious stance on the company's future performance.
The reduction in price target by a significant financial institution like Citigroup, especially when maintained at a Neutral rating, suggests a tempered expectation for Intel's stock performance in the short term. This adjustment is likely to influence investor sentiment negatively, as it reflects a cautious or bearish outlook on the company's near-term financial health and market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100