TD Cowen keeps Intel and Astera Labs at Hold, cuts targets
TD Cowen kept Intel and Astera Labs at Hold and cut price targets to $95 and $300 from $115 and $375, per Dow Jones Newswires, citing Benzinga ratings data.
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what happened
TD Cowen kept its Hold rating on Intel shares and lowered its price target to $95 from $115. The firm also maintained Hold on Astera Labs and cut its target to $300 from $375.
Dow Jones Newswires reported the changes, citing Benzinga data. The Intel update was logged at 09:57 GMT and the Astera Labs update at 10:05 GMT on October 20, 2026.
why it matters
A lower price target with an unchanged Hold rating points to a more cautious view from the analyst on both stocks. Such moves usually have limited effect on the broader chip sector unless they come with new revenue or profit forecasts.
tags
instruments
sources
- Intel Is Maintained at Hold by TD Cowen — Dow Jones Newswires, 20 October 2026 at 09:57 UTC
- Astera Labs Is Maintained at Hold by TD Cowen — Dow Jones Newswires, 20 October 2026 at 10:05 UTC
- STMicroelectronics Is Maintained at Hold by TD Cowen — Dow Jones Newswires, 20 October 2026 at 10:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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