Mizuho Downgrades Intel to Neutral, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has downgraded Intel (NASDAQ: INTC) from Outperform to Neutral and lowered the price target from $36 to $22.

August 08, 2024 | 9:51 am
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Mizuho analyst Vijay Rakesh downgraded Intel from Outperform to Neutral and reduced the price target from $36 to $22.
The downgrade from Outperform to Neutral and the significant reduction in the price target from $36 to $22 by a reputable analyst at Mizuho is likely to negatively impact Intel's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100