Intel Corporation (INTC), ARM Holdings plc (ADR) (ARMH), Staples, Inc. (SPLS): Friday’s Top Upgrades (and Downgrades)

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A more Intel-ligent investment

And what about the company making investors so nervous about ARM Holdings plc (ADR) (NASDAQ:ARMH)? Intel Corporation (NASDAQ:INTC), too, scored an upgrade this morning, this time courtesy of Argus Research. Argus now rates Intel a buy, and has hung a $28 price target on the stock — and this time I think Wall Street is right on the money.

Priced below 12 times earnings, and expected to grow these earnings at 11% annually over the next five years, boasting strong trailing free cash flow of $10.9 billion (15% better than reported earnings), and paying 4% dividend yield, Intel Corporation (NASDAQ:INTC) is a large cap tech star selling for a bargain price.

Argus is exactly right to recommend buying it. Full stop.

No Pitch

Motley Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Intel and Amazon. The Motley Fool owns shares of Intel, Amazon, and Staples.

The article Friday’s Top Upgrades (and Downgrades) originally appeared on Fool.com and is written by Rich Smith.

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