Intel's (INTC, Financial) stock increased by 2% on Tuesday morning after UBS analysts kept their "Neutral" rating and set its price target at $23 for the company. Their forecast matches what most other analysts think, ranging from $19 to $31 per share, and they still mostly rate the stock as a "Hold".
Intel's stock performed well, rising 11.9% during the week despite market difficulties. As Intel's growth in Ohio continues, we can see clear signs of their massive manufacturing project taking shape at the "Silicon Heartland."
UBS's experts found that most of the construction stages are now in their middle phase, and workers have started building the basic plumbing and electrical systems. After clearing and preparing almost all the very large construction sites, workers should be able to move directly into roofing without stopping.
Intel is pouring money into its Ohio chip production plan to make more chips in the US in response to global and supply chain worries. Most experts believe this will have lasting benefits, but they're taking note of potential hurdles in the next few months and how the market develops.
