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Intel Still Has Skeptics. This Analyst Report Explains Why.

Intel CEO Pat Gelsinger has bold plans to return the chipmaker to its former glory. But the company hasn’t won over all of its critics on Wall Street.

Bank of America Securities analyst Vivek Arya maintained an Underperform rating with a $52 price objective on Intel stock (ticker: INTC) in a note on Friday. Arya sees strategic challenges ahead for the U.S. chipmaker. For starters, he points to what he sees as a large dependence on a mature personal computer market.

“While…

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