Replies to post #297108 on Option Millionaires

[Nolerman]

Nice call

[uranium-pinto-beans]

$INTC

Citi sees Intel shares hitting $35 on PC trends, Apple win
Citi analyst Christopher Danely thinks Intel (INTC) shares are going to $35 on better PC demand and the design win in Apple's (AAPL) iPhone 7. The chipmaker closed yesterday up 74c to $31.93. Danely's channel checks indicate demand from the PC end market has improved due to re-stocking. He also believes Intel has won roughly 25% share of the iPhone 7 away from Qualcomm (QCOM). Despite raising his estimates for Intel and boosting his price target for the shares to $35 from $31, the analyst keeps a Neutral rating on the stock. Danely sees the upside as being temporary and points out the Apple business likely has negative gross margins