Intel Shares Rise About 5% After JPMorgan Upgrade
Intel gained about 5% in premarket trading Monday after JPMorgan upgraded the stock to Neutral from Underweight and retained its $85 price target.
Intel (NASDAQ: INTC) rose about 5% in premarket trading Monday after JPMorgan upgraded the stock, citing improved operating performance and new opportunities related to demand for AI computing. JPMorgan raised its rating to Neutral from Underweight and kept its $85 price target. Analyst Harlan Sur sees…