INTC Stock: $70 Target From BMO Capital

INTC Stock: $70 Target From BMO Capital
  • The shares of Intel Corporation (NASDAQ: INTC) have received a price target decrease from $75 to $70 by BMO Capital. These are the details.

The shares of Intel Corporation (NASDAQ: INTC) have received a price target decrease from $75 to $70 by BMO Capital. And BMO Capital analyst Ambrish Srivastava is maintaining an “Outperform” rating on the company shares.


Srivastava noted that Intel reported a meaningful earnings beat and incrementally raised the outlook while capital expenditure levels and the gross margin forecast remained unchanged. Srivastava also pointed out that while the gross margins in the second quarter were higher, compression in the second half of the year is expected as 7-nm ramp-up costs offset some of the other potential positives.


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