Intel Corp (INTC)

[imho]

jay1000,

analyst Cody Acree, who raised his price target for Intel to $31 from $27 based on a 2008 earnings per share estimate of $1.36, up from his previous estimate of $1.33 per share.


Another way of saying he increased the PE ratio on Intel. The price target increases for Intel reflect the Wall Street view that Intel should be awarded a higher PE going forward. Wall street giving Intel a low PE has been a big drag in recent years. Now if Intel can deliver on the earnings side the price should move up nicely.

IMHO