Cantor Fitzgerald initiated coverage of Intel (INTC) with a Neutral rating and $50 price target. The firm, which recommends investors remain Overweight semiconductor stocks as a group, views Intel among the potential relative underperformers in 2024 given the potential for PC seasonality below consensus, the negative impact from Mobileye’s (MBLY) miss and “messiness” around IFS disclosures, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on INTC:
- Intel is under the microscope ahead of earnings; Here’s what top analyst expects
- Options Volatility and Implied Earnings Moves This Week, January 22 – January 26, 2024
- Verizon, others could benefit as changes approach, Barron’s
- Altman seeking to raise billions amid AI chip factory push, Bloomberg reports
- Intel’s (NASDAQ:INTC) EU Legal Fight Sees Positive Developments