- The shares of Intel Corporation (NASDAQ: INTC) have received a price target of $72 by Morgan Stanley. These are the details.
The shares of Intel Corporation (NASDAQ: INTC) have received a price target of $72 by Morgan Stanley. And Morgan Stanley analyst Joseph Moore assigned the company an “Overweight” rating.
Moore noted that Intel’s first-quarter report offered “no big surprises.” And this was highlighted by the strong results in PCs and weakness in the data center operations.
However, Moore is bullish on Intel’s longer-term turnaround. And he expects Intel to exceed the full-year guidance. But there is expected to be “qualitative headwinds” during the year.
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