Intel price target raised to $36 from $32 at BMO Capital

BMO Capital raised the firm’s price target on Intel to $36 from $32 but keeps a Market Perform rating on the shares. The company’s Client Computing Group segment drove the majority of the Q2 earnings beat while its gross margin outlook of 43% was guided higher than the firm’s expected 40.3%, the analyst tells investors in a research note. BMO adds however that it sees Intel shares as reasonably valued at current levels.