Intel today is trading at $55.49, it went up with $3.12 from $52.37.
This is because Citigroup which is an American multinational investment bank lowered its price target on Intel shares. This, however, boosted the Intel share. More so, Bernstein sees Intel as able to weather the storm created by the novel coronavirus pandemic. Bernstein analyst Stacy Rasgob believes Intel’s strong balance sheet and cheap valuation will allow the stock to hold up better than its competitors