Android app on Google Play

MKM Maintains Bullish Contrarian View of Intel (INTC)

January 10, 2013 11:50 AM EST Send to a Friend
Get Alerts INTC Hot Sheet
Price: $26.75 -0.34%

Rating Summary:
    27 Buy, 26 Hold, 7 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 10 | New: 20
Trade INTC Now!
Join SI Premium – FREE
Despite a nearly 7 percent increase in Intel's (Nasdaq: INTC) share price within 30-days, analysts at MKM maintained their bullish contrarian view.

"PCs are obviously weak, and Windows 8 adoption painfully slow, but our view is that the structural bear case - that INTC's technology has outstripped market requirements - is overblown," said analyst Daniel Berenbaum.

Near-term, he expects lower capex to create positive tailwinds for cash generation.

"With INTC's 4.2% dividend yield and dominant market share in server, and investor sentiment extremely negative, we view current levels as an attractive entry point for new money," said Berenbaum.

MKM Partners has a Buy rating on Intel with a price target of $24.00.

For an analyst ratings summary and ratings history on Intel (NASDAQ: INTC) click here. For more ratings news on Intel click here.

Shares of Intel closed at $21.45 yesterday.




You May Also Be Interested In


Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Dividend

Add Your Comment