Intel (INTC) PT Raised to $33 at Susquehanna; 'Perhaps another small miss as PC trends are improving'

Susquehanna analyst Christopher Rolland raised the price target on Intel (NASDAQ: INTC) to $33.00 (from $31.00) while maintaining a Neutral rating.

"We expect results and guidance to be largely in-line with the Street as the major resets for Intel are likely behind us...Intel may post a small miss for both Client and Data Center, but far smaller than prior quarters. Semiconductor investors often “buy the last cut,” and we think this may be the last intermediate cut for Intel this downcycle."

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