Intel price target raised to $38 from $31 at TD Cowen

TD Cowen analyst Matthew Ramsay raised the firm’s price target on Intel to $38 from $31 and keeps a Market Perform rating on the shares. The firm said the pside in Client as they previewed, drove a top- and bottom-line beat, and likely “good enough” guidance gives Intel potentially one of the cleanest prints they will see this earnings seasn against low expectations.