TD Cowen Maintains Hold on Intel, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Matthew Ramsay maintains a Hold rating on Intel (NASDAQ:INTC) and lowers the price target from $42 to $35.
April 26, 2024 | 5:22 pm
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TD Cowen maintains a Hold rating on Intel and lowers the price target from $42 to $35.
The reduction in price target by TD Cowen suggests a bearish outlook on Intel's short-term stock performance. This adjustment reflects analyst Matthew Ramsay's assessment of Intel's valuation, potentially influencing investor sentiment and stock price negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100