Wall Street Raises Price Targets For Intel Following Q1 Earnings, 8% Avg

Wall Street firms have raised their price targets for Intel INTC following the company's first quarter earnings release.

• Topeka -- from $28 to $30, +7.1%, Maintains Buy
• MKM -- from $26 to $27, +3.8%, Neutral
• Susquehanna -- from $21 to $23, +9.5%, Neutral
• Cowen -- from $23.50 to $24, +2.1%, Market Perform
• FBR -- from $27 to $30, +11.1%, Outperform
• Pacific Crest -- from $31 to $32, +3.2%, Outperform
• Jefferies -- from $32 to $35, +9.3%, Buy
• UBS -- from $24 to $28, +16.6%, Neutral
• Roth -- from $25 to $28, +12%, Neutral
• RBC -- from $26 to $28, +7.6%, Sector Perform
• Goldman -- from $16 to $17, +6.2%, Sell

The average price target bump was 8%. Shares are only up 0.15 percent to $26.80 in Wednesday trading after hitting a high of $27.85 in Tuesday's post-market session.