As the fluidity around a possible US government stake in Intel has declined in recent days with the advent of much more clarity as to how a possible transaction would be structured, Wall Street analysts are beginning to nibble at the conundrum that this idiosyncratic development poses to Intel's bottom line. To wit, BofA has now reiterated its 'Neutral' rating and a $25 stock price target for Intel, opining that the stock would likely remain "range-bound until there is clarity around the company’s manufacturing progress, especially 18A process yields and external customer engagement/validation." The Wall Street player surmised that the […]
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