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Fly News Breaks for August 31, 2015
ALTR, INTC
Aug 31, 2015 | 07:21 EDT
Northland analyst Gus Richard upgraded Intel (INTC) to Outperform saying the worst of the PC downturn is over. The excess inventory of PCs is cleared and building again for back to school, Richard tells investors in a research note. This, coupled with the recent pullback in shares, has made the analyst more constructive on Intel. Richard also views the completion of the Altera (ALTR) acquisition as another positive catalyst for the chipmaker. He keeps a $32 price target for Intel. The stock closed Friday up 70c to $28.42.
News For INTC;ALTR From the Last 2 Days
ALTR
Apr 18, 2024 | 07:01 EDT
INTC
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