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Intel's (INTC) Altera Acquisition Strengthens Data Center and IoT Efforts - Needham & Company Raised PT to $38
December 30, 2015 8:01 AM ESTNeedham & Company reiterated a Buy rating on Intel (NASDAQ: INTC), and raised the price target to $38.00 (from $37.00), following Altera acquisition. On 12/28, Intel closed the acquisition of Altera for $54 per share in cash, or a transaction value of $16.7B. Altera strengthens Data Center and IoT... More
