Keep an eye on Intel (INTC).

After pulling back from double top resistance at $45 to $42.70, the tech stock appears to have caught strong support, and could potentially retest its prior high. Helping, analysts at Benchmark just raised their price target on INTC to $52 from $42, with a buy rating.

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All after the firm met with Intel, and said it was “increasingly encouraged” by the progress it believes Intel’s leadership has made on many design, product, and manufacturing fronts, as noted by  Mizuho Securities analysts also upgraded INTC to a buy rating.

INTC last traded at $44.66 – up $1.97.


Ian Cooper