Piper Sandler has initiated coverage on three major chipmakers, assigning neutral ratings to Intel and Qualcomm while giving Nvidia an overweight rating. The firm set a $110 price target for Intel and a $190 target for Qualcomm. Nvidia received the most bullish call among the three, with an overweight rating and a $300 price target. The update was reported by ChainCatcher in a brief newsflash. No additional details on the rationale behind the ratings were provided in the source.
ChainCatcher reported that Piper Sandler has initiated coverage on Intel, Qualcomm and Nvidia.
Intel was given a neutral rating with a $110 price target. Qualcomm also received a neutral rating, with a $190 price target. Nvidia was assigned an overweight rating and a $300 price target.
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