Intel price target raised to $37 from $32 at Truist

Truist raised the firm’s price target on Intel to $37 from $32 and keeps a Hold rating on the shares. The company reported its second consecutive “good quarter” with operational reports around manufacturing process improvements, new products, and cost-cutting all seen as constructive, the analyst tells investors in a research note. Truist cautions however that two quarters are still a “fragile trend”, and it sees the X86 total addressable market as challenged over the long-term.