Why Did Intel Stock Pop on Wednesday?
Intel (NASDAQ: INTC) stock soared 10.8% through 11:35 a.m. ET Wednesday after Bernstein SocGen Group analyst Stacy Rasgon raised his price target from $35 to... $36.
Does a 10% stock price pop seem an overreaction to you, coming in response to a less than 3% increase in price target? It does to me -- especially when you notice that Intel stock already costs more than $53 a share!
In fact, Rasgon only rated Intel stock "market perform" and declined to upgrade it. But here's the thing: Rasgon isn't the only Wall Street analyst talking about Intel today.
Source Fool.com
Intel Corp. Aktie
46,32 €
-0,24 %
Die Intel Corp. Aktie zieht etwas negative Aufmerksamkeit auf sich: Mehr Sell- als Buy-Einschätzungen.
Das Kursziel von 22 € für Intel Corp. signalisiert bei einem aktuellen Kurs von 46.32 € eine mögliche Minderung von über 50%.
