Intel Rises More Than 4% Premarket After JPMorgan Upgrade
JPMorgan analyst Harlan Sur raised Intel to Neutral from Underweight and maintained an $85 price objective, citing a more balanced risk-reward profile.
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02:33:48 PM UTC
SquawkNews
What Happened? Shares of computer processor maker Intel NASDAQ:INTC jumped 4.2% in the morning session after retreating Treasury yields and broad dip-buying following the previous week’s technology sell-off lifted equities, as JPMorgan upgraded the chipmaker with an $85 price target.The rebound fol…
Intel Corp. (INTC, Financials) climbed more than 4% in premarket trading after JPMorgan said the stock’s risk-reward profile had become “much more balanced.” Analyst Harlan Sur upgraded Intel to Neutral from Underweight and kept the price objective at $85. The update does not imply Int