Why Intel Stock Is Sinking Today
(NASDAQ: INTC) stock is losing ground in Tuesday's trading. The semiconductor company's share price was down 5.8% as of 2 p.m. ET.
Intel stock is losing ground today following skeptical coverage from Bank of America (BofA) analysts. The chip specialist's share price had climbed yesterday following news that CEO Pat Gelsinger would be resigning, but BofA's analysts raised concerns about the company's path going forward.
Following the announcement that Pat Gelsinger would be resigning as Intel's CEO, Bank of America published a new round of coverage on the chip giant's stock. The firm's analysts maintained an underperform rating on Intel and a one-year price target of $21 per share on the stock. As of this writing, BofA's target on Intel implies a downside of roughly 6.5%.
Source Fool.com
Intel Corp. Aktie
Leichtes Buy-Übergewicht bei Intel Corp. mit 47 Buy- gegenüber 24 Sell-Einschätzungen.
Ein unerwartetes negatives Potenzial von -5.73% für Intel Corp., trotz eines niedrigeren Kursziels von 74 € als der aktuelle Kurs von 78.5 €.
