Wall Street sets Intel stock price for next 12 months
Photo: Finbold
JPMorgan (NYSE: JPM ) analyst Harlan Sur estimated on Monday, October 19, that the brutal Intel (NASDAQ: INTC ) correction that took the stock 36.25% lower from its June high above $140 is nearing its end. Indeed, the Wall Street analyst upgraded his INTC equity rating from ‘Underweight’ – ‘Sell’ – to ‘Neutral’ – ‘Hold’ – though he retained his previous $85 price target, indicating a minor decline from the latest close at $89.85 remains in the cards for the next 12 months.
Source: Finbold
