- Mizuho reinitiates Intel (NASDAQ:INTC) with a Buy rating and $47 price target. The firm plans to review the price target closer to earnings.
- Firm says Intel had a solid run this year and stands well positioned for 2018.
- Mizuho thinks March quarter consensus estimates are modestly high but sees the company becoming a key beneficiary of the lowered U.S. corporate tax.
- Intel shares are down 1%.
- Previously: Intel loses semi lead for first time in 25 years (Dec. 26)
Mizuho says Intel positioned well for 2018
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| Symbol | Last Price | % Chg |
|---|---|---|
| INTC | - | - |
| Intel Corporation | ||