BofAS Cuts Intel Corporation TP to USD145, Expects Share Placement to Dilute EPS by Approx. 4-5%
AASTOCKS News·
- BofA Securities lowered Intel Corporation's target price from USD 160 to USD 145 while maintaining a Buy rating following the company's USD 20 billion share issuance plan.
- The brokerage expects this capital raise to cause a short-term EPS dilution of approximately 4-5% but views it as a positive indicator of management's confidence in the foundry business.
- This fundraising aligns with increased capital expenditure guidance and long-term revenue growth expectations driven by potential external customer orders.
