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Intel Stock Surges After an Upgrade. ‘Our Confidence Is Building,’ Says JPMorgan
Intel shares were among the biggest gainers in the S&P 500 and Nasdaq 100 Monday.
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Key Takeaways
Intel shares surged Monday after an upgrade to “neutral” from “underweight,” by longtime bear JPMorgan.
JPMorgan analysts said their “confidence is building,” though their price target would still suggest a decline from the stock’s recent levels.
Intel shares are jumping after an upgrade from one of the Street’s biggest bears.
Shares of Intel (INTC) were up nearly 6% to $95 in recent trading, after JPMorgan analysts lifted their…
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