Goldman Sachs Reiterates Hold, $25 Target on Intel

Goldman Sachs maintains its Hold rating and $25 target on Intel 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: ReiterationIntraday UpdateMarketsAnalyst RatingsGoldman Sachs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!