Susquehanna raised the firm’s price target on Intel to $38 from $37 and keeps a Neutral rating on the shares. The firm previewed its quarterly results and sees slightly improving PC/DC dynamics setting up a solid quarter off new products, ASP uplifts, and drained inventory. Guidance should be ok with growth for PC/Server, but limited upside given weaker recent ODM builds.
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 stock is under the microscope ahead of earnings; Here’s what to expect
- Intel’s (NASDAQ:INTC) Latest Italian Fab Stalled
- China’s AI Initiative and U.S. Export Curbs Shake Up Chip Stocks
- Casa Systems announces increase in capacity for Axyom vCCAP
- Intel (NASDAQ:INTC) Stock: Anticipating the Impact of New Chip Restrictions