Intel (INTC): Raising PT On Stronger Than Expected Channel Checks - Baird

September 6, 2016 7:42 AM EDT
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Price: $35.15 -0.79%

Rating Summary:
    42 Buy, 20 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Baird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Intel (NASDAQ: INTC) on improving demand for Intel's Data Center solutions, channel checks that indicate PC demand is tracking ahead of plan. Additionally, the analyst believes that Intel's 40% market share in the iPhone7 positions the company well to exceed its $800 million mobile loss reduction target for the year.

The price target increases to $40.00 (from $38.00).

For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.

Shares of Intel closed at $36.08 yesterday.

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