Intel (INTC) PT Raised to $54 at Susquehanna; 'An Important First Step In Solving THE Problem'

Susquehanna analyst Christopher Rolland raised the price target on Intel (NASDAQ: INTC) to $54.00 (from $50.00) while maintaining a Neutral rating on new CEO news.

The analyst commented, "Intel taps Pat Gelsinger to be its next CEO, an important step ahead of a major strategic manufacturing decision. We like the choice, raising price target from $50 to $54, but remain Neutral."

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