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Intel’s Target Boosted at ThinkEquity (INTC)

By Dividend.com,  March 30, 2012, 08:55:57 AM EDT

Computer processor maker Intel Corporation ( INTC ) on Friday caught some additional bullish commentary from analysts at ThinkEquity.

The firm maintained its "Buy" rating on INTC while lifting its price target to $35. That new target suggests a 24% upside to the stock's Thursday closing price of $28.16. The analyst noted that a recent survey indicates higher I.T. spending, which could positively impact the company's bottom line.

Intel shares, which have risen 16% year-to-date, gained 16 cents, or +0.6%, in premarket trading Friday.

The Bottom Line
We have been recommending shares of Intel Corp ( INTC ) since Oct.21, 2011, when the stock was trading at $28.16. The company has a 2.98% dividend yield, based on last night's closing stock price of $28.16.

Intel Corporation ( INTC ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: INTC



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