Tigress Financial analyst Ivan Feinseth raised the price target on Intel Corp. to $72 from $68 and reiterated a Buy. The price target implies an upside of 35.5 percent.
Feinseth noted Intel’s ongoing investment in processor development would increase industry competitiveness.
Further, the announced initial public offering of Mobileye creates a “significant upside catalyst” for the shares.
By Anusuya Lahiri
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