Bank of America Upgrades Intel to Buy, Raises Target Price to $135 on June 11

Bank of America Securities raised its rating on Intel to Buy from Underperform on Thursday (June 11), lifting the target price to $135 from $96. The stock surged 5.6% to $113.06 following the rare two-notch upgrade. BofA analysts cited Intel's strong position in the growing server CPU market and progress in its foundry business, which is gaining traction with major clients including Apple and Terafab despite current losses.
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