HSBC upgraded Intel to Hold from Reduce with a price target of $33, up from $27. The company’s Q3 results and Q4 guidance beat from better PCs and operating leverage, the analyst tells investors in a research note. The firm says that while the data center demand overhang remains, improving PC demand and overall execution are “incremental tailwinds” for Intel.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on INTC:
- Early notable gainers among liquid option names on October 27th
- Intel Stock (NASDAQ:INTC): Is This Trending Reddit Stock Predicted to Rise?
- Intel (NASDAQ:INTC) Rise on Strong Q3 Results
- Intel jumps 6% to $34.42 after Q3 earnings beat
- Intel CEO says continue to make progress on IDM 2.0 transformation