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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Bazmataz who wrote (71338)	1/13/1999 9:06:00 AM
From: IncredibleHult	Respond to of 186894

Here is what one broker said: Thus, we are upgrading the stock to BUY. We are revising earnings estimates upward again as noted above and raising our 12-month target price from $127 to $160, based now on 30 times calendar 2000 earnings (previously, we used a 25 times target multiple). While the expected return from $136 is somewhat below 20%, this is still likely to nicely outperform the S&P 500 in the absence of further market multiple expansion, and there is probably further upside to our earnings estimates.