UPDATE: KeyBanc Upgrades Intel (INTC) to Overweight

(updating comment)

KeyBanc analyst Weston Twigg upgraded Intel (NASDAQ: INTC) from Sector Weight to Overweight with a price target of $82.00.

The analyst comments "We view Intel as the best-positioned company to take advantage of the next wave of compute, beyond PCs, phones, and tablets. The Company is aggressively tackling new markets; quickly launching products on 10nm; and unifying chips, software, and developers."

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 $59.33 yesterday.

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