Mizuho Securities Reiterates Neutral Rating on Intel (INTC)

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Needham & Company Reiterates Buy Rating on Intel (INTC) Following Dividend Cut

February 22, 2023 1:01 PM EST

Needham & Company analyst N. Quinn Bolton reiterated a Buy rating and $32.00 price target on Intel (NASDAQ: INTC) after it announced a major reset to its dividend policy with a ~66% reduction to $0.50 per year.

The analyst commented, "In addition to preserving FCF by... More