Goldman Sachs Reiterates Hold, $25 Target on Intel

Goldman Sachs maintains its Hold rating and $25 target on Intel (NASDAQ: INTC) as the company announces strategic partnership with Motorola Mobility.

Goldman Sachs notes, "At its CES keynote, Intel announced a multi-year, multi-device strategic relationship with Motorola Mobility, Inc. and a handset by Lenovo, based on the company's new Atom SoC processor platform called Medfield. Intel and Motorola jointly announced Motorola would start shipping smartphones based on Medfield in 2H12."

INCT closed at $25.60 per share on Tuesday.