Form S-8 INTEL CORP

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Intel (INTC) estimates cut at UBS

September 27, 2023 9:06 AM EDT

Intel (NASDAQ: INTC) was maintained at Neutral with a $38 price target by UBS on Wednesday, but analyst Timothy Acruri said the firm is cutting its estimates for the company.

The firm is trimming estimates due to the company's lower first-half 2024 gross margin, Acruri stated.

"Our... More