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Update: Wedbush Raises Intel Price Target to $98 From $60 After 'Strong Results', Neutral Rating Kept

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(Updated to include Wedbush commentary)

Wedbush raised its price target on Intel (INTC) to $98 from $60 following "strong" Q2 results and guidance.

While expecting fundamentals to remain positive for the company, the brokerage maintains its neutral stance as it still struggles to justify the company's valuation, particularly relative to

its peers.

Intel has an average rating of hold and mean price target of $116.23 according to analysts polled by FactSet.

Price: $96.45, Change: $-3.78, Percent Change: -3.77%

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