UPDATE: Jefferies Upgrades Intel Corporation on Best Alpha Generation Opportunity
In a report published Friday, Jefferies analyst Mark Lipacis upgraded the rating on Intel Corporation (NASDAQ: INTC) from Hold to Buy, and raised the price target from $27.00 to $30.00.
In the report, Jefferies noted, “We believe INTC offers one of the best alpha generation opportunities in semis: 1) it is finally focusing its manufacturing leadership to make MPUs that are lower power, higher performance and cheaper than competitive solutions. This new focus should translate to share gains in sub-$500 tablets, 2-in-1 PCs and handsets. 2) Consensus incorrectly assumes INTC's x86 MPUs have an inherent disadvantage vs. ARM, and its 3yr, $60b investment nets to zero advantage.”
Intel Corporation closed on Thursday at $22.63.
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