JPMorgan raised the firm’s price target on Intel (INTC) to $21 from $20 and keeps an Underweight rating on the shares. The firm sees continued demand and competitive headwinds for Intel post the Q2 report. While the company decides on whether to go fabless, its turnaround remains slow and tariff demand pull-in creates risk to second half of 2025 estimates, the analyst tells investors in a research note.
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