Intel price target raised to $40 from $30 at Roth Capital

Roth Capital raised the firm’s price target on Intel (INTC) to $40 from $30 and keeps a Neutral rating on the shares. The company reported seasonally recovering Q3 revenue results with demand across client and data center markets supporting growth, the analyst tells investors in a research note. Roth adds it is also encouraged that Intel’s manufacturing roadmap improvements are supporting both strategic partnerships and funding sources.