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Morning Stocks in Focus: (NASDAQ: INTC), (NASDAQ: MU)


New York, NY -- (ReleaseWire) -- 01/08/2013 --Intel Corporation (NASDAQ: INTC). Analysts at Lazard upgraded INTC from “Neutral” to “Buy” and saw shares reaching $26. That price target is a +22.8% upside to Friday’s closing price of $21.16. The firm noted that Intel’s margins should bottom out in the first quarter, but for the rest of the year ultrabook sales should drive growth. Intel Corporation (INTC) has been working on a project to develop set-top boxes built on its chips that will be in direct line of competition with Microsoft’s Mediaroom and Xbox, Apple TV, and Google TV, and might make an official announcement in the Consumer Electronic Show (CES) which starts on Jan. 8, 2013. Intel Corporation (INTC) intends to roll out the web TV service city by city while it works out deals with content providers.

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Micron Technology, Inc. (NASDAQ: MU). Barclays Capital reissued their overweight rating on shares of Micron Technology (NYSE: MU) in a research report released on Thursday morning. Barclays Capital currently has a $10.00 price target on the stock. Analysts at RBC Capital reiterated an outperform rating on shares of Micron Technology. They now have a $9.00 price target on the stock. Micron Technology (NYSE: MU)‘s stock had its “neutral” rating reiterated by investment analysts at Nomura in a note issued to investors on Friday. They currently have a $7.00 target price on the stock. Micron Technology, Inc., is a global manufacturer and marketer of semiconductor devices.

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