Morgan Stanley Reitates Coverage On Intel with a Equal-Weight rating

In a report released Wednesday, Morgan Stanley analyst Joseph Moore reiterated Intel Corporation

Equal-Weight rating, while raising the company's price target from $28 to $30 a share. Analyst at Morgan Stanley predict growth of 12 percent in sequential PC unit, making a record high in the past 10 years.Moore favors the company's report of stronger than anticipated servers increasing by 14 percent quarter-over-quarter, making Intel the earlier adopters in the technology adoption life cycle. Concerns displayed in the Morgan Stanley note regarding Intel, include the transformation of Intel's Tick/Tock process experiencing delay strain. Dividends concerns from the company's $20 billion buyback, causing net cash to go from $4 billion to zero. Mobile segment losses to $1.12 billion in the second quarter, may cause mobile revenues potentially decreasing in the third quarter on its tablet subsidies.