Reported about 21 hours ago
TD Cowen analyst Joshua Buchalter has maintained a Hold rating on Intel (INTC) with a $20.00 price target after the U.S. government announced its investment in the chipmaker. While the agreement with the Trump administration regarding the CHIPS Act is seen positively, the firm cautions that Intel still faces significant technical and competitive challenges that funding alone cannot solve, leading to uncertainty about its future performance.
Source: YAHOO