INTC Intel Corporation

   By Stephen Nakrosis 
 

Shares of Intel Corp. (INTC) are pushing higher in Monday's market, after a pair of analysts' firms weighed in on the stock earlier in the day.

At 2:07 p.m. ET, the company's shares were trading 2.2% higher, at $51.38. Shares opened at $50, and were briefly in the red, falling to $49.89, before climbing higher and joining most if its peers in the green.

Before the bell Monday, Atlantic Equities said they were initiating coverage of the company at underweight, with a price target of $38 per share, as reported by Benzinga. Later in the morning, Bank of America said they cut Intel's share price target to $57 from $62, while maintaining a buy recommendation, as reported by Benzinga.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

July 22, 2019 14:38 ET (18:38 GMT)

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