Intel price target raised to $32 from $25.50 at Citi

Citi analyst Christopher Danely raised the firm’s price target on Intel to $32 from $25.50 and keeps a Neutral rating on the shares. The analyst expects a "mixed bag of results" during the semiconductor earnings season with some companies estimates moving higher such as Intel or Microchip, but some companies moving lower like Qualcomm or GlobalFoundries or AMD. PC and automotive end markets appear solid, but the data center, wireless and industrial end markets remain weak, the analyst tells investors in a research note.