Truist Securities Maintains Hold on Intel, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein maintains a Hold rating on Intel (NASDAQ:INTC) and lowers the price target from $45 to $33.
April 26, 2024 | 3:46 pm
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Truist Securities maintains a Hold rating on Intel and reduces the price target from $45 to $33.
The reduction in the price target by Truist Securities suggests a bearish outlook on Intel's short-term price potential, likely due to perceived challenges or underperformance. This adjustment could lead to negative investor sentiment and potentially lower stock prices in the short term.
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