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Northland on Intel (INTC): 'Waiting for INTC’s Turn Around is Painful, But It Will Eventually Happen', 'Thesis Battered But Remains Intact'
July 16, 2024 6:47 AM EDTNorthland analyst Gus Richard reiterated an Outperform rating and $68.00 price target on Intel (NASDAQ: INTC).
The analyst comments "We are cutting our INTC estimates due to new export restriction to Huawei, server CPU share loss to AMD, and the expectation that PC demand will be weaker than expected in 2H:24. A weaker consumer globally and... More
