Credit: Shutterstock photoComputer 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 Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
