Intel (INTC) August 2 weekly 30 straddle into quarter results

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Intel (INTC) PT Lowered to $25 at Citi

August 2, 2024 8:13 AM EDT

Citi analyst Christopher Danely lowered the price target on Intel (NASDAQ: INTC) to $25.00 (from $35.00) while maintaining a Neutral rating.

The analyst comments "Yesterday after the close, Intel reported results and guidance well-below Consensus mainly due to weakness in its PC businesses (58% of 2Q24... More