DDA Davidson IIntel · INTC
DA Davidson Reiterates Neutral Rating on Intel
Rating
Hold
Price target
$45
Previous
$45
Implied downside
-6%
DA Davidson analyst Gil Luria reiterated a Neutral rating and $45.00 price target on Intel (NASDAQ: INTC).
“Intel and Apollo Global Management announced a definitive agreement in which Intel will repurchase the 49% equity interest in the JV related to Fab 34 in Ireland for $14.2B.
The transaction effectively unwinds the 2024 agreement where Apollo acquired the 49% stake for $11.2B.
We believe the announcement bodes well for the INTC turnaround story while significantly strengthening the balance sheet.”
Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
