Market Overview

UPDATE: Pacific Crest Securities Reiterates on Intel on Multiple Positive Factors

Share:
Related INTC
5 Market Cap Changes That Might Surprise You
Intel Looking To Sell McAfee Business
Industrial Dogs Awash In Ships - Tsakos Energy Navigation Among Favorites For June (Seeking Alpha)

In a report published Wednesday, Pacific Crest Securities analyst Michael McConnell reiterated an Outperform rating on Intel (NASDAQ: INTC), and raised the price target from $31.00 to $32.00.

In the report, Pacific Crest Securities noted, “We are buyers of INTC due to improving corporate PC demand, a high likelihood for Intel's Grantley server platform to spur traditional IT spending in 2015, and a call option on foundry share gains over the long term, likely leading to a multiple expansion.”

Intel closed on Tuesday at $26.77.

Latest Ratings for INTC

DateFirmActionFromTo
May 2016CLSAInitiates Coverage onUnderperform
Apr 2016Goldman SachsMaintainsNeutral
Apr 2016JP MorganMaintainsOverweight

View More Analyst Ratings for INTC
View the Latest Analyst Ratings

Posted-In: Michael McConnell Pacific Crest SecuritiesAnalyst Color Price Target Reiteration Analyst Ratings

 

Related Articles (INTC)

View Comments and Join the Discussion!