Baird says Intel's relationship with Apple is "well alive"

|About: Intel Corporation (INTC)|By:, SA News Editor

Baird analyst Tristan Gerra says Intel’s (NASDAQ:INTC) valuation remains attractive and checks show high yields of the 7560 model.

Gerra says a 100% market share of the new iPhones is a renewed scenario for 2H, which reinforces his view that the relationship between Intel and Apple is “well alive.  

Baird reiterates an Outperform rating and a $64 target, a 25% upside to yesterday’s close. 

Intel shares are up 1% premarket to $51.70.    

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