Intel Corporation(INTC)
KeyCorp upgraded Intel Corporation to Overweight from Sector Weight with a 12 month target price of $60.00 per share, signaling a more bullish outlook on the stock. KeyCorp’s upgrade reflects growing confidence in Intel’s multi-year turnaround strategy, particularly the progress being made in its manufacturing roadmap and execution under the IDM 2.0 model. The firm cited improving visibility into advanced process nodes, increased traction in Intel Foundry Services, and signs of stabilizing market conditions in core end markets such as PCs and data centers.
The analyst also pointed to improving competitive dynamics, noting that Intel’s product cadence is becoming more consistent after a prolonged period of execution challenges. Cost discipline, operational efficiency initiatives, and better capital allocation are seen as supporting margin recovery over the medium term, while government incentives tied to domestic semiconductor manufacturing add further support to the investment case.
KeyCorp’s upgrade is effectively pricing in continued execution progress and a gradual re-rating of Intel’s valuation as investor confidence in earnings durability improves.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
