Bank of America Lifts Intel Two Notches In Rare Double Upgrade
What happened
Bank of America raised its rating on Intel by two notches in a single action, an uncommon step for the firm. According to the source, the upgrade reflects a view that Intel could be on track for its strongest year since 1975. Specific price target and EPS revision figures were not available in the source summary reviewed.
The QL Read
A two-notch ratings move from a major sell-side desk is unusual and tends to draw attention to sentiment and momentum factors. Updated QuantLogix readings on INTC may follow as the market digests the analyst action.
Not financial advice. QuantLogix is a research platform; nothing in this brief constitutes a recommendation to buy or sell any security. We summarize public news with attribution to the original publisher; visit the source above for the full original article.