Jefferies Maintains a 'Hold' on Intel (INTC); IDF Day 2 - Assessing Credible Threats

Jefferies maintains a 'Hold' on Intel (NASDAQ: INTC) price target of $29.00.

Analyst, Mark Lipacis, said, "We left day 2 of IDF with the view that Intel now recognizes the iPad (Nasdaq: AAPL) and ARM-based (Nasdaq: ARMH) Android (Nasdaq: GOOG) tablets as credible threats, and has marshalled its vast resources to deliver more competitive x86-based tablets and Ultrabooks with the Windows 8 launch. The jury is still out on Windows-8 (Nasdaq: MSFT) as it has yet to launch, but INTC has gotten the iPad wake-up call and we are incrementally positive on the stock."

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 $23.19 yesterday.

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