Canaccord Genuity Upgrades Intel To Buy

Analysts at Canaccord Genuity upgraded Intel Corporation INTC from Hold to Buy. The price target for Intel has been lowered from $40 to $38. Intel shares have jumped 25.71% over the past 52 weeks, while the S&P 500 index has gained 12.21% in the same period. Intel shares fell 0.52% to $30.64 in pre-market trading.