Intel stock slips as analyst tone shifts ahead of earnings
Intel shares fell 0.8% to $48.32 Friday morning after a 31% surge this year, as investors weighed the sustainability of its turnaround ahead of Jan. 22 earnings. Citi and RBC both raised price targets to $50, citing supply constraints and management progress but warning of margin risks. The pullback follows a sector rally sparked by TSMC’s growth outlook. U.S. markets close Monday for Martin Luther King Jr. Day.