Piper Jaffray Maintains Bullish Stance on Intel (INTC) Into Thursday's Analyst Day

Piper Jaffray analyst Ruben Roy reiterated an Overweight rating and $38 price target on Intel (NASDAQ: INTC) ahead of Thursday's analyst day,m where he expects a continued focus on process leadership.

Roy commented, "While we expect updates on near-term PC market trends, an area of growing investor concern, we believe that the main focus areas of the day will include INTC's progress with 14nm production ramps, continued manufacturing leadership, DCG sub-segment updates, longer-term mobile device strategy and updates on INTC's position within the IoT landscape. We also expect management to provide initial commentary on 2015 margin and investment plans. We continue to view INTC shares positively and reiterate our OW rating and PT of $38 as management executes well in a challenging environment."

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 $34.24 yesterday.

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