UPDATE: Jefferies Reiterates on Altera Following Investor Meeting

In a report published Tuesday, Jefferies analyst Mark Lipacis reiterated a Hold rating on Altera Corporation (NASDAQ: ALTR ), and raised the price target from $34.00 to $35.00. In the report, Jefferies noted, “Altera's Investor Meeting reinforced our Moore Stress thesis and Intel upgrade. Altera said their choice of Intel's