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Deutsche Bank Raises Intel Price Target Amid Aggressive Turnaround Strategy
Deutsche Bank Raises Intel Price Target Amid Aggressive Turnaround Strategy
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BTCCSquare news:
Intel shares gained nearly 1.5% after Deutsche Bank lifted its price target to $30 while maintaining a Hold rating. The adjustment reflects the chipmaker's aggressive balance sheet restructuring through equity raises, asset sales, and workforce reductions.
Analysts highlighted Intel's multipronged approach to financial recovery, noting its willingness to explore all available avenues for improving profitability. The market responded favorably to these operational adjustments despite broader skepticism—26 other analysts maintain neutral ratings on the stock.
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