If Jeffries upgrade could boost INTC by 3.5%, a major player like GS, JPM etc. with an upgrade could boost INTC by at least 5%. Analysts tend to be like lemmings and follow the leader: we will be getting several upgrades in the days and weeks to come. According to Yahoo, 30 analysts rate INTC as a hold or sell.
We could hit 25 this week as the shorts panic from another surprise upgrade from even 1 of those 30.
JMHO, of course.