Truist analyst William Stein raised the firm’s price target on Intel (INTC) to $26 from $25 and keeps a Hold rating on the shares. The company delivered a “beat and raise” Q3 result / Q4 guide, though its one-time charges are becoming “more elaborate and confusing” in both the near and longer-term, the analyst tells investors in a research note. Truist is also cutting its FY25 EPS view on Intel by 28c to $1.12. Published first on TheFly – the ultimate source for real-time, market-moving breaking
Mizuho raised the firm’s price target on Intel (INTC) to $23 from $22 and keeps a Neutral rating on the shares. The company reported a “better than feared” quarter, but server foundry challenges remain, the analyst tells investors in a research note. The firm says that while near-term PC trends are better, Intel will likely continue to lose Server share in 2025, while foundry revenues remain challenging, and in 2026 “could be still a show-me story given a competitive landscape.” Published first