Wells Fargo Maintains Outperform on Intel (INTC)

Wells Fargo today maintained an Outperform on Intel (NASDAQ: INTC) with a price target of $28-$33. Analyst David Wong thinks new processors will drive growth.

"We think that the investment community underestimates the value of Intel's ability to continuously refresh its desktop and notebook product lines through all price points. We think that the steady stream of new processor products from Intel could help re-ignite growth in the client computer market," he said.

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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