Canaccord Genuity Boosts Price Target on Intersil (ISIL) to $10

January 31, 2013 11:39 AM EST
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Price: $22.34 +0.18%

Rating Summary:
    7 Buy, 12 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Canaccord Genuity raised its price target on Buy-rated Intersil (NASDAQ: ISIL) from $8 to $10 following Q4 results.

The firm comments, "Reiterate BUY on healthy dividend yield and cash generation, as we
believe weakness (PC, etc.) is baked into expectations. We raise our price target as we move closer to cyclical bottom, despite lower estimates, and note a lack of demand visibility is likely to result in increased turns post Chinese New Year considering low inventories and accelerating Ultrabook launches at attractive price points."

For an analyst ratings summary and ratings history on Intersil click here. For more ratings news on Intersil click here.

Shares of Intersil closed at $8.66 yesterday.

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