Top 20 Trending AI News And Analyst Ratings

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16. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Deutsche Bank recently lowered the price target on the stock to $25 from $27 and kept a Hold rating on the shares. The advisory underlined that despite the recent significant pullback in share price since its last earnings call, it was reiterating a Hold rating on Intel after a recalibration of its model. This cautious stance was predicated on the significant near-term headwinds facing Intel, including persistent margin headwinds, ongoing competitive pressures, and continued node transition complexities, the advisory detailed in a research note. While Deutsche’s model indicated the potential for meaningful improvement to earnings beyond 2024, the investment firm believed the path to realizing this required strong execution across a wide array of actions with little room for co-specific missteps or macro headwinds.

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