Truist analyst William Stein raised the firm’s price target on Intel (INTC) to $39 from $21 and keeps a Hold rating on the shares after its Q3 earnings beat. Demand is better, execution is improving, foundry datapoints sound incrementally better, and the AI strategy is coming into clearer view, the analyst tells investors in a research note. The company is delivering positive developments, but its road to recovery remains long and uncertain, the firm added.
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