Intel Shares Rise 4.64% Premarket as JPMorgan Upgrades to Neutral
JPMorgan raised Intel to Neutral from Underweight, ending a bearish call held since November 2022, and set an $85 price target.
JPMorgan raised its rating on Intel (NASDAQ:INTC) to Neutral from Underweight and set an $85 price target, closing out its bearish stance that began in November 2022. Intel shares gained 4.64% in premarket trading. JPMorgan said Intel's execution and competitiveness in its core PC and data center chip businesses have improved since Lip…