In a report released today, C J Muse from Evercore ISI downgraded Intel (NASDAQ: INTC) to Hold. The company’s shares closed yesterday at $52.01.
According to TipRanks.com, Muse is a 4-star analyst with an average return of 19.3% and a 68.9% success rate. Muse covers the Consumer Goods sector, focusing on stocks such as Western Digital, Broadcom, and Marvell.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intel with a $59.50 average price target.
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The company has a one-year high of $57.60 and a one-year low of $34.25. Currently, Intel has an average volume of 26M.
Based on the recent corporate insider activity of 150 insiders, corporate insider sentiment is negative on the stock.
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