Wells Fargo Maintains Equal-Weight on Intel, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers maintains an Equal-Weight rating on Intel (NASDAQ:INTC) and lowers the price target from $43 to $38.

April 26, 2024 | 6:24 pm
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Wells Fargo maintains an Equal-Weight rating on Intel and lowers the price target from $43 to $38.
The reduction in price target by Wells Fargo suggests a bearish outlook on Intel's short-term price potential, likely due to perceived challenges or underperformance relative to the market. This adjustment could lead to a negative investor sentiment towards INTC, potentially causing a short-term decrease in its stock price.
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IMPORTANCE 80
RELEVANCE 100