UPDATE: Pacific Crest Securities Reiterates on Intel on Multiple Positive Factors
In a report published Wednesday, Pacific Crest Securities analyst Michael McConnell reiterated an Outperform rating on Intel (NASDAQ: INTC), and raised the price target from $31.00 to $32.00.
In the report, Pacific Crest Securities noted, “We are buyers of INTC due to improving corporate PC demand, a high likelihood for Intel's Grantley server platform to spur traditional IT spending in 2015, and a call option on foundry share gains over the long term, likely leading to a multiple expansion.”
Intel closed on Tuesday at $26.77.
Latest Ratings for INTC
|Feb 2017||Canaccord Genuity||Downgrades||Buy||Hold|
|Jan 2017||Morgan Stanley||Upgrades||Underweight||Equal-Weight|
|Dec 2016||Loop Capital||Initiates Coverage On||Buy|
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