Intel price target raised to $66 from $46 at Tigress Financial

Tigress Financial raised the firm’s price target on Intel to $66 from $46 and keeps a Buy rating on the shares. A new processor development and introduction, along with the ramp-up of its IFS, are driving a reacceleration of revenue and cash flow growth, margin expansion, and significant shareholder value creation, the analyst tells investors in a research note. The firm believes further upside in the shares exists.