B of A Securities Downgrades Intel to Underperform, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Intel (NASDAQ: INTC) from Neutral to Underperform and lowered its price target from $35 to $23.
August 02, 2024 | 10:24 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
B of A Securities has downgraded Intel from Neutral to Underperform and reduced the price target from $35 to $23, indicating a negative outlook on the stock.
The downgrade from Neutral to Underperform by a major analyst firm like B of A Securities, along with a significant reduction in the price target, suggests a negative short-term outlook for Intel's stock. This is likely to result in a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100