Price target raised by Citi before the Intel (INTC) Q2 earnings

Intel Corporation (NASDAQ:Intc) one of 10 AI shares investors follow this week. On July 7, Citigroup analyst Christopher Danely, in stocks, the “Neutral” rating was $ 24.00 from $ 24.00 to Intel from 21.00 to $ 24.00.

Rating update comes as part of the preview of Q2 earnings for the semiconductor group. The company raised its forecasts, he said that the previous assumptions did not seem true to realize the industry with industry delays.

Citi believes that the sector will now be managed by firm demand and inventory filling.

Two shares seeing the most of Citi (MCHP) and Texas tools (TXN).

Intel Corporation (NASDAQ: INC) prepares and sells calculation machines, semiconductor products and AI based solutions for different industries.

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