2021-01-22 07:37:15 INTC Intel
01/22/21 01/2207:37 01/22/2107:37 | Intel price target raised to $75 from $70 at BMO CapitalBMO Capital analyst Ambrish Srivastava raised the firm's price target on Intel to $75 from $70 and keeps an Outperform rating on the shares. The analyst is citing the company's "big" Q4 earnings beat and higher outlook for Q1, even though its incoming CEO did not offer much "granularity" into its manufacturing plans aside from forecasting that the majority of Intel's products will be manufactured internally through 2023. Srivastava adds that Intel's risk-reward is "attractive", and the company is finally addressing its long-term challenges in a more meaningful way. |
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