Northland analyst Gus Richard upgraded Intel to Outperform from Market Perform with a $62 price target. He thinks Intel is starting to execute on a "coherent strategy" for "the first time in many years," Richard tells investors. While early in its turnaround, he thinks estimates are conservative and Richard also argues that Intel is likely "a good place for large-cap managers to wait out multiple compression" as high multiple stocks come under pressure.$Intel(INTC)$