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UPDATE: Piper Jaffray Upgrades Intel (INTC) to Neutral

August 19, 2013 6:46 AM EDT Send to a Friend
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Price: $34.23 -0.06%

Rating Summary:
    32 Buy, 24 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 23 | New: 13
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(Updated - August 19, 2013 9:05 AM EDT)

Piper Jaffray upgraded Intel (NASDAQ: INTC) from Underweight to Neutral with a price target of $22.00 (from $20.00). After two years of declines, analyst Gus Richard expects 2014 revenue growth in the mid-single digits driven by a corporate refresh of Microsoft (Nasdaq: MSFT) Windows 8.1 release and the end of support for Windows XP. He also thinks Intel's Bay Trail tablet processor is promising and could drive market share gains in tablets.

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 $21.92 yesterday.




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