New Street upgrades Intel to Buy from Neutral
Bullish analyst upgrade with substantial indicated upside, tempered by the recent price rise.
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Bullish analyst upgrade with substantial indicated upside, tempered by the recent price rise.
What happened, with direct paths to the underlying reporting
New Street upgraded INTC to Buy from Neutral and set a $125 target, about 43% above the posted price of $87.17. The shares had already risen 5.17% since the signal, but the explicit rating upgrade and target still support a bullish view.
Target: $125
Posted price: $87.17
Analyst firm: New Street
Analyst: Pierre Ferragu
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