Susquehanna Raises Price Target for Intel Ahead of Earnings
Susquehanna has raised its price target for Intel (INTC) to $115 from $80, citing stronger-than-expected server CPU demand and PC builds ahead of the company's July 23 earnings report. The upgrade comes as INTC stock faces recent volatility following a sharp decline after hitting a 52-week high in June.
Tickers: $INTC
Topics: Earnings report Intel price target upgrade Semiconductor sector