Why Intel Stock Popped Today
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Intel's stock rose 2% amid mixed Wall Street signals. Citigroup lowered its price target from $22 to $21, citing sluggish demand for chips, while HSBC upgraded it to hold with a $20 target. Both banks maintain a neutral stance, with concerns over Intel's recent negative earnings and significant losses. Despite hopes for recovery, analysts suggest caution, as Intel's financial situation remains challenging, with negative free cash flow and ongoing management issues. Overall, the outlook for Intel stock is uncertain, and it may not be a buy at this time.
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