UPDATE: Deutsche Bank Reiterates on Intel Following Company Analyst Meeting

In a report published Friday, Deutsche Bank analyst Ross Seymore reiterated a Buy rating on Intel Corporation INTC, and raised the price target from $26.00 to $28.00. In the report, Deutsche Bank noted, “INTC's analyst mtg began with the Chairman stating that to his personal Embarrassment the co had ‘lost its way'. We believe this powerful admission was a positive first step toward INTC returning to growth, with the new CEO's aggressive stance toward entering new mkts further supporting this strategic change. While successful execution on this strategy remains paramount, we believe INTC can return to growth in 2H14/15 as the PC mkt stabilizes and share gains emerge in tablets, phones, foundry etc.” Intel closed on Thursday at $25.23.