Jefferies Maintains a 'Hold' on Intel (INTC); Beat and Raises, But Look to More Out-of-Favor Stocks
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Price: $24.05 -0.08%
Rating Summary:
23 Buy, 25 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
23 Buy, 25 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade INTC Now!
Jefferies maintains a 'Hold' on Intel (NASDAQ: INTC) price target raised from $27 to $31.
Analyst, Mark Lipacis, said, "INTC is benefitting from product cycles on the client side (Ivy Bridge) and servers (Romley), and we expect the combination of ultrabooks and Windows 8 to drive growth in 2H12. These positives are partially offset by elevated expectations for revenues, pricing and gross margins. We think the stock appreciates, but not as much as more out-of-favor stocks and stocks with leverage."
Jefferies raises FY12 EPS estimate from $2.46 to $2.57 and FY13 $2.75 to $2.85.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $28.47 yesterday, with a 52 week range of $19.16-$28.78.
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Analyst, Mark Lipacis, said, "INTC is benefitting from product cycles on the client side (Ivy Bridge) and servers (Romley), and we expect the combination of ultrabooks and Windows 8 to drive growth in 2H12. These positives are partially offset by elevated expectations for revenues, pricing and gross margins. We think the stock appreciates, but not as much as more out-of-favor stocks and stocks with leverage."
Jefferies raises FY12 EPS estimate from $2.46 to $2.57 and FY13 $2.75 to $2.85.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $28.47 yesterday, with a 52 week range of $19.16-$28.78.
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