Intel today is trading at $60.10, is going up with $0.77 after the chipmaker was upgraded at KeyBanc Capital, with analyst Weston Twigg saying the company
Intel today is trading at $60.10, is going up with $0.77 after the chipmaker was upgraded at KeyBanc Capital, with analyst Weston Twigg saying the company is "staging its comeback." Twigg raised his rating to overweight, after being at sector weight since September 2018, while setting his price target at $82. "We believe Intel has finally worked through the stages of grief (beginning with denial, ending with acceptance) after losing its manufacturing technology lead (its former source of competitive advantage) several years ago." He said Intel is broadening its portfolio at 10 nanometers and 7 nanometers and is using its "considerable war chest" to fund research and development and for technology acquisitions.