BofA Sees Advanced Packaging Potential for Intel Foundry (INTC) Despite Manufacturing Headwinds

Intel Corporation (NASDAQ:INTC) is one of the best high volume stocks to buy right now. On December 16, Bank of America raised the firm’s price target on Intel to 40from40 from 34, while keeping an Underperform rating on the shares. The firm highlighted a growing opportunity for Intel Foundry to secure external wins in advanced packaging and wafer design. However, BofA also noted that manufacturing uncertainties continue to weigh on the outlook, requiring a more cautious stance until production consistency imp ...