Tigress Financial Partners Upgrades Intel (INTC) to Buy

Tigress Financial Partners upgraded Intel (NASDAQ: INTC) from Neutral to Buy.

Analyst Ivan Feinseth said, "Intel’s key performance metrics have demonstrated impressive strength against a backdrop of challenging PC demand. INTC’s Return on Capital increased significantly, from 13.89% to 16.47% Y/Y, and the firm’s Economic Profit Margin and EBITDAR Margin rank in the 90th and 95th percentile of its industry. We believe weakness in PC demand has been effectively priced in however short and mid-term challenges from macro headwinds and ongoing FX volatility remain in what we believe is a long-term transformational story for INTC. We have increasing confidence that high-growth businesses like NAND, mobile and the internet of things will accelerate Economic Profit growth long term."

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 $32.87 yesterday.

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