Seaport Research analyst Jay Goldberg upgraded Intel (INTC) to Neutral from Sell without a price target While Intel “is on the wrong path with a shrinking window” to save its fabs, the stock is likely to be driven by follow-on investments and the potential for a “stop-gap solution” in the near-term, the analyst tells investors in a research note. Seaport cites near-term factors for the upgrade but remains cautious on the company’s longer-term fundamentals.
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