Intel Corporation Upgraded to Buy From Neutral At Roth Capital

Analyst Krishna Shankar of Roth Capital upgraded Intel Corporation (INTC) from Neutral to Buy, and boosted his price target on INTC from $28.00 to $35.00 in a report released on Friday.

“We believe that Intel stock may find trading support in $28 to $30 range based on 12x our 2015 EPS estimate of $2.50 and a 3.3% dividend yield”, said Shankar.

According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, 5-star analyst Krishna Shankar, who covers INTC, currently has a one-year average return of 15.5% and a 68% success rate, and ranked #263 out of 3101 analysts.

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