“Technology stocks started the week on an upbeat note Tuesday, with Intel Corp. and most other sector leaders on the rise in early trading,” Rex Crum reports for MarketWatch.
“Intel rose 16 cents a share to $20.58 after Auriga analyst Daniel Berenbaum raised his rating on the chip giant’s stock to buy from hold and also lifted his price target to $24 a share from $20,” Crum reports. “Berenbaum said he made the moves because discussions with contacts in the electronics market, ‘suggest that PCs could well be the strongest growth contributor to semiconductor [sales]’ this year. Berenbaum also said that the valuation of Intel’s stock makes it attractive at the present time.”
Crum reports, “Advances also came from Apple Inc., Google Inc., Dell Inc., Microsoft Corp. and Hewlett-Packard Co.”
Full article, with current stock prices, here.