Form 8-K INTEL CORP For: Nov 19
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Cowen Nudges PT on Intel (INTC) to $35; Notes Better DCG Prospects, GM Tailwinds on Revised Outlook
November 20, 2015 6:42 AM ESTCowen and Company is positive on Intel's (Nasdaq: INTC) FY16 outlook, but also believes the stock is fairly valued at this point. The firm reiterated its Market Perform rating, but lifted its price target from $34 up to $35 following the company's update.
Analyst Timothy Arcuri noted the Intel is now less-dependent on PCs, while mobile losses are continuing to improve. The analyst said: While the PC business... More
