UBS raised the firm’s price target on Intel to $50 from $46. Intel will be re-segmenting its P&L to align with a more distinct separation of its manufacturing and product groups, and UBS is taking a slightly more positive view of Intel Foundry’s revenue and margin potential, though it is keeping a Neutral rating on the shares given its flagging position in key growth segments like AI, the analyst tells investors in a research note.
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