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Intel Corporation Message Board

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  • nip7890 nip7890 Jan 18, 2013 7:49 AM Flag

    Piper Jaffray lifts Intel target to $21 from $19

    LONDON (MarketWatch) -- Sterne Agee late Thursday pared its outlook on Intel INTC -5.64% after the semiconductor giant posted an in-line fourth-quarter profit. "With potentially new tablets/iPads, not much excitement around PCs and increasing capex spending, we believe there could be some continuing challenges," analyst Vijay Rakesh said in a note. He reiterated his neutral rating on the stock with a price target of $18. Intel shares added 2.6% on Thursday to close at $22.68 but fell to $21.48 in extended tradng in reaction to the quarterly results.

 
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