Intel (INTC) Upgraded to Neutral by Seaport, Citing Near-Term Positives

Intel Corporation (NASDAQ:INTC) is one of the Buzzing AI Stocks on Wall Street. On September 25, Seaport upgraded the stock to “Neutral” from Sell without a price target. The firm stated that it remains cautious over the long term but sees some near term positives.

“We think Intel is on the wrong path with a shrinking window to save their fabs. That being said, in the near term, the stock is likely to be driven by follow-on investments and the potential for a stop-gap solution for the fabs.”

The firm cited near-term factors for the upgrade but at the same time it remains cautious on the company’s longer-term fundamentals.

Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer products and technologies, delivering data storage, computer, networking, and communications platforms.

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