Intel Q1 Earnings Spur Upgrades, Price Target Hikes

By | April 15, 2015

Scalper1 News

Intel (INTC) received several upgrades and price target hikes Wednesday, following a mixed Q1 earnings report late Tuesday that showed surging server sales and improvement in the Internet of Things, but sluggish demand for personal computers. “We are upgrading Intel to outperform while increasing our price target to 40 from 38, as we believe that bearish PC sentiment is fully priced into shares,” RBC Capital Markets analyst Doug Freedman said in a Scalper1 News

Scalper1 News