While Fools should generally take the opinion of Wall Street with a grain of salt, it's not a bad idea to take a closer look at particularly stock-shaking analyst upgrades and downgrades -- just in case their reasoning behind the call makes sense.

What: Shares of Intel (NASDAQ:INTC) gained slightly this morning after Imperial Capital initiated coverage on the chip gorilla with an outperform rating.

So what: Along with the bullish call, analyst Ashok Kumar planted a price target of $37 on the stock, representing about 17% worth of upside to yesterday's close. So while contrarian traders might be turned off by Intel's year-to-date price strength, Kumar's call could reflect a sense on Wall Street that its top-line growth prospects still aren't fully baked into the valuation.

Now what: According to Imperial, Intel's risk/reward trade-off is rather attractive at this point. "We see improving sales for both desktop and notebooks PCs from pent up corporate demand and Microsoft's license fee reduction for value priced PC fueling emerging market sell-through," said Kumar. "Intel now expects some yoy revenue growth for 2014 versus prior expectations of flat top line. We believe that current Street 2014 revenue estimate of $54.6bn, up 4%, could prove conservative. The stock remains highly correlated with gross margins. Gross margins for the year are expected to come in the upper half of the prior outlook of 61%, +/- a few points." When you couple that upbeat outlook with Intel's still-solid dividend yield of 3%, it's tough to disagree with Goldman's bullishness. 

Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!

Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends Intel. The Motley Fool owns shares of Intel and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.