Intel (INTC) Price Target Cut to $21 by Wealth Manager

Bernstein SocGen, a wealth-management firm, lowered its price target on Intel (INTC) to $21 from $25 while keeping a Market Perform rating on the shares.

[caption id="attachment_1196060" align="alignnone" width="1456"] A technician soldering components for a semiconductor board.[/caption]

A Tale of Two Halves

Intel will benefit from increased purchases of computerized products in the first half of 2025 as consumers and businesses look to stockpile such offerings ahead of the imposition of tariffs on them, Bernstein believes.

But in the second half of the year, the dynamic is likely...