Intel foundry business to make custom chip for Amazon, chipmaker's shares jump
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Roth/MKM on Intel (INTC): 'e are encouraged by the stepped-up pace of restructuring efforts'
September 17, 2024 9:30 AM EDTRoth/MKM analyst Suji Desilva reiterated a Neutral rating and $25.00 price target on Intel (NASDAQ: INTC)
The analyst comments "INTC announced multiple steps of progress in its foundry manufacturing and increased overall portfolio focus efforts. Across these efforts, key themes include creating an externally competitive... More
Wolfe Research on Intel (INTC): 'We don’t think spinning out the manufacturing business makes sense', 'Amazon agreement positive'
September 17, 2024 9:11 AM EDTWolfe Research analyst Chris Caso reiterated a Peerperform rating on Intel (NASDAQ: INTC).
The analyst comments "We dont think spinning out the manufacturing business makes sense, since the manufacturing and chip businesses are inextricably linked. INTC announced the formal split of manufacturing business into a separate entity, which is consistent with what INTC has said in the past. INTC management feels that separation is necessary to make potential foundry customers comfortable that the businesses are separate, that customers IP and interests will be protected, and it also allows managers in the chip... More
Truist Securities Reiterates Hold Rating on Intel (INTC)
September 17, 2024 8:49 AM EDTTruist Securities analyst William Stein reiterated a Hold rating and $25.00 price target on Intel (NASDAQ: INTC).
The analyst comments "AMC on 9/16, CEO Pat Gelsinger published a letter to Intel employees highlighting the next phase of the company's transformation following its last Board meeting.... More
Northland Reiterates Outperform Rating on Intel (INTC)
September 17, 2024 6:48 AM EDTNorthland analyst Gus Richard reiterated an Outperform rating and $42.00 price target on Intel (NASDAQ: INTC).
The analyst comments "INTC is a strategic Company for the DoD, as it needs its supply chain to be based on US soil. There is... More
Citi Reiterates Neutral Rating on Intel (INTC)
September 17, 2024 5:23 AM EDTCiti analyst Christopher Danely reiterated a Neutral rating and $25.00 price target on Intel (NASDAQ: INTC).
The analyst comments "Yesterday Intel issued a press release following its board meeting. Intel announced a multi-billion deal with AWS to supply AWS with custom... More
