Macquarie Upgrades Intel (INTC) to Outperform, AMD (AMD) to Neutral

November 1, 2010 9:23 AM EDT
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This morning an analyst at Macquarie upgraded the stocks of two of the largest players in the Semiconductor space, Intel (Nasdaq: INTC) and AMD (NYSE: AMD).

The firm now rates Intel shares an Outperform, up from Neutral previously, and now rates AMD shares a Nuetral, up from the prior rating of Underperform.

Macquarie boosted its price target on Intel from $20.20 to $24.90 and its target on AMD from $6.60 to $7.70.

In the pre-market session, shares of Intel and AMD are up 1.6% to $20.38 and $7.45, respectively.

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