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INTC Stock Sees Price Target Hikes On Q2 Beat, But Analysts Say Key Foundry Catalyst 'Has Not Yet Arrived'
in5points
Intel (INTC) beat Q2 earnings expectations, leading to price target hikes by analysts.
Stifel described the quarter as 'a large, demand-led beat' but maintained a Hold rating.
Analysts note that a key foundry catalyst for Intel has not yet arrived.
Some analysts believe much of Intel's recovery is already priced into the stock.
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