BofA/Merrill Lynch Upgrades Intel (INTC) to Buy

September 22, 2011 7:30 AM EDT
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Price: $107.76 +4.50%

Rating Summary:
    24 Buy, 39 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 15
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BofA/Merrill Lynch upgraded Intel (NASDAQ: INTC) from Neutral to Buy with a price target of $27.

The firm cited secular growth upside in servers from cloud services.

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

Shares of Intel closed at $21.94 yesterday.


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