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Intel Stock Gets Rare Double Upgrade From Bank of America: Here's Why

Benzinga·
Intel Stock Gets Rare Double Upgrade From Bank of America: Here's Why

Bank of America upgraded Intel from 'Underperform' to 'Buy' in a rare double upgrade, raising its price target from $96 to $135. The upgrade reflects confidence in Intel's CPU and foundry opportunities, with BofA modeling earnings power at over $6 per share by 2030. Intel has surged 210% year-to-date and remains deeply under-owned despite its large market cap.

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