JP Morgan Maintains Underweight on Intel, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur maintains an Underweight rating on Intel (NASDAQ:INTC) and lowers the price target from $35 to $26.
August 02, 2024 | 12:42 pm
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JP Morgan analyst Harlan Sur maintains an Underweight rating on Intel and lowers the price target from $35 to $26, indicating a bearish outlook.
The lowered price target from $35 to $26 by JP Morgan suggests a negative outlook on Intel's stock performance. The Underweight rating indicates that the analyst expects the stock to underperform relative to other stocks in the sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100