Wedbush Raises INTC PT to $26

Wedbush has issued a report raising the Price Target on Intel INTC from $25 to $26 a share. According to the report, "We maintain our near-term cautious view on the semiconductor group as we think choppy demand trends and the uncertain macro outlook will likely pressure the sector, keeping shares of Intel range bound." INTC has a Neutral Rating and closed at $22.99 a share yesterday.