Standpoint Research Maintains a 'Buy' on Intel (INTC); Raises PT

Standpoint Research maintains a 'Buy' on Intel (NASDAQ: INTC), raises PT from $24 to $28.

Standpoint analyst, Ronnis Moas, said, "In re-evaluating April 11 recommendation Intel, I have decided to raise the price target on INTC from $24 to $28. The price target change of $4 doesn’t look significant, but it is for such a large, low-beta and liquid name and is the equivalent of $20 bln in market capitalization. $28 is also the five-year high (from Q4, 2007). Below the table tracking our most recent recommendations are the April 11 notes on Intel."

For more ratings news on Intel click here and for the rating history of Intel click here.

Shares of Intel closed at $23.23 yesterday.

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