UPDATE: Northland Capital Markets Upgrades Intel (INTC) to Market Perform

November 1, 2021 6:49 AM EDT
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Price: $52.04 --0%

Rating Summary:
    24 Buy, 24 Hold, 13 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 19 | New: 35
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(Updated - November 1, 2021 6:51 AM EDT)

Northland Capital Markets analyst Gus Richard upgraded Intel (NASDAQ: INTC) from Underperform to Market Perform with a price target of $49.00.

The analyst commented, "We believe some of the parts valuation provides support for INTC’s shares at current levels. There is also an incredibly high hurdle to becoming leading-edge logic manufacturer as only 3 remain TSMC, INTC, and Samsung. The world desperately wants a second source to TSMC, and INTC is a contender due to a lack of alternatives. Holding it back is the lack of evolution over the last 15 years. Upgrading INTC to MP and lifting PT to $49."

For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.

Shares of Intel closed at $49.00 yesterday.

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