UPDATE: Piper Jaffray Upgrades Intel, Raises PT on Modest Outlook
August 19, 2013 at 10:39 AM EDT
In a report published Monday, Piper Jaffray analyst Auguste Gus Richard upgraded the rating on Intel Corporation (NASDAQ: INTC ) from Underweight to Neutral, and raised the price target from $20.00 to $22.00. In the report, Piper Jaffray noted, “The chip industry is now solidly in the post-PC era, but