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Intel (INTC) internal foundry model 'not a game changer' - BofA

June 21, 2023 11:24 AM EDT

BofA's Vivek Arya upped the firm's price target on Intel (NASDAQ: INTC) to $32 from $28 but said in a note that the company's internal foundry model is not a game changer and maintained an Underperform rating on the stock.

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