Jefferies Maintains a 'Hold' on Intel (INTC); IDF Day 1

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

Analyst, Mark Lipacis, said, "INTC has increased its focus on delivering market ready reference designs to OEMS in touch-based notebooks, tablets and smartphones. We thought the Windows-8 touch-notebooks were intuitive. We are incrementally positive due to its increased focus on delivering complete reference designs to OEMs, but remain on the sidelines due to high capex levels, ASPs which appear to be ticking down for the first time in 2 years, and margins."

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 $23.34 yesterday.

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