Intel slashes dividend to conserve cash ahead of U.S. capacity expansion
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Needham & Company Reiterates Buy Rating on Intel (INTC) Following Dividend Cut
February 22, 2023 1:01 PM ESTNeedham & Company analyst N. Quinn Bolton reiterated a Buy rating and $32.00 price target on Intel (NASDAQ: INTC) after it announced a major reset to its dividend policy with a ~66% reduction to $0.50 per year.
The analyst commented, "In addition to preserving FCF by... More
Intel (INTC) 'Ripping the Bandaid Off' with Dividend Cut - BMO
February 22, 2023 11:01 AM ESTBMO Capital analyst Ambrish Srivastava weighed in on Intel (NASDAQ: INTC) following today's dividend cut, which the analyst said it "had to do."
The analyst commented, "Intel had to do this. We had flagged this as one of the top... More
