Stifel analyst Kevin Cassidy said that he respects Brian Krzanich's efforts in redirecting Intel's strategy toward being a data centric company, but he views Intel as a process driven company with a deep bench and he believes a new CEO can continue to drive the corporate strategy. In addition to the "surprise" CEO resignation, Intel also delivered a "surprise" pre-announcement of upside to its June quarter results, which Cassidy expects was driven by higher margin Data Center Group revenue. The analyst raised his price target on Intel shares to $60 from $57 after increasing his Q2 and FY18 revenue and non-GAAP EPS estimates and he keeps a Hold rating on the shares.