RBC Initiates Intel (INTC) at Sector Perform, Awaits Proof on Margins and Foundry Execution

Intel Corporation (NASDAQ:INTC) is one of the AI Stocks Making Waves on Wall Street. On January 14, RBC Capital analyst Srini Pajjuri initiated coverage of the stock with a “Sector Perform” rating and a price target of $50. Firm analysts see strategic progress for Intel, but are awaiting proof of execution on gross margins and foundry progress before adopting a more constructive stance. The analysts praised Intel’s management for doing a commendable job right-sizing the business. The company has also stre ...