Hilliard Lyons Upgrades Intel (INTC) to Long-Term Buy

July 12, 2017 8:58 AM EDT
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Price: $53.72 +0.04%

Rating Summary:
    28 Buy, 20 Hold, 13 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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Hilliard Lyons upgraded Intel (NASDAQ: INTC) from Buy to Long-Term Buy with a price target of $41.00.

Analyst Stephen Turner believes the company has an industry leading position in several mature markets thanks to its scale and Moore's law manufacturing advantage. He anticipates new growth markets will expand the company's TAM over the next 5-10 years. He has a positive view on the company's history of consistent dividend growth, buybacks, and synergies with M&A.

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 $33.92 yesterday.

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