Intel Analyst Round Up; Shares Up 8%

Shares of Intel INTC are up more than 8.5 percent Wednesday after a slew of analysts released coverage on the company.

Morgan Stanley reiterated an Equal-weight rating and raised the company's price target from $28 to $30.

Barclays maintained an Equal-Weight rating, while raising its price target from $28 to $30.

BMO Capital Markets reiterated an Outperform rating with a price target increase from $33 to $37. Analysts at BMO Capital Markets favored Intel's change in capital structure.

Deutsche Bank maintained its Buy, but raised its price target from $35 to $40, expecting an improving third quarter with improving NT demand.

Canaccord reiterated a Hold rating, while increasing its price target from $31 to $33. Analysts at Canaccord like Intel's ability to improve its gross margins.

Credit Suisse reiterated an Outperform rating, while increasing its price target from $35 to $40.

Raymond James reiterated its Underperform rating due to lowered 2014 EPS from $2.18 to $2.09. The firm expects strong fourth quarter 2014 results with commercial upgrade cycles and improvement in Broadwell.

Ascendiant Capital Markets increased Intel's price target from $22 to $24. The firm favors Intel's strong enterprise, along with its small and medium business upgrade pushing PC clients higher.

UBS upgraded Intel from Neutral to Buy, raising its price target from $30 to $37.50.