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.
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Premarket Shares Rise as Oil and Treasury Yields Ease
Intel rose 3.8% after a JPMorgan upgrade; Broadcom gained 2.3%, CoreWeave 1.3% and Nvidia 1.1%. Brent fell about 1.8% toward $107 a barrel, and the 10-year Treasury yield eased to 5.085%. The October NAHB Housing Market Index is scheduled for 10:00 a.m. ET; Cleveland-Cliffs and Fifth Third Bancorp report before the ope
Bank of America lifts Soitec on margin outlook
Bank of America analysts raised Soitec to buy from neutral, saying photonics should significantly expand the French semiconductor-materials maker's gross margin over the coming years. They see gross margin rising to 29% in fiscal 2027, 39% in fiscal 2028 and 44% in fiscal 2029.