Intel (INTC) Price Target Raised at Jefferies; Greater Probability of Upside

June 10, 2013 6:57 AM EDT
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Price: $36.82 +0.16%

Rating Summary:
    42 Buy, 20 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
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Jefferies analyst Mark Lipacis boosted his price target on Intel (NASDAQ: INTC) from $24 to $27 but stopped short of upgrading the stock and maintained a Hold rating. The analyst sees a greater chance for upside in the second-half and is more constructive on the stock after last week's Computex conference.

Lipacis comments, "We are more constructive on INTC after Computex last week as we think the probability of upside in 2H13 is higher: 1) MSFT is getting more aggressive in pricing Windows 8 and Office, 2) Intel's Clover Trail (now) and Bay Trail (holiday '13) MPUs appear to be gaining traction, 3) Intel's Clover Trail Plus MPU was designed into the Samsung Galaxy Tab 3, proving Intel's capability in non-Wintel platforms."

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 $24.59 yesterday.

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