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

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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
Apr 2016Goldman SachsMaintainsNeutral
Apr 2016JP MorganMaintainsOverweight
Apr 2016Northland SecuritiesDowngradesOutperformMarket Perform

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

 

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