Intel price target raised to $30 from $23 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Intel (INTC) to $30 from $23 and keeps a Hold rating on the shares. The company’s recent actions reflect an “aggressive pursuit” to strengthen the balance sheet “at all costs,” the analyst tells investors in a research note. The firm supports the moves, saying Intel “continues to exist in a period of high investment” for both its product roadmap and the continued development of Foundry Services.