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Intel (INTC) PT Raised to $36 at Needham & Company; 'Turning the Corner'

April 28, 2023 6:57 AM EDT

Needham & Company analyst N. Quinn Bolton raised the price target on Intel (NASDAQ: INTC) to $36.00 (from $32.00) while maintaining a Buy rating.

The analyst commented, "INTC reported 1Q23 results above expectations, while guiding revenue higher Q/Q (but NG GM lower).... More