UBS Reiterates a 'Buy' on Intel (INTC); Raising PT - Data Center Capex Accelerates
INTC Hot Sheet
Rating Summary:25 Buy, 22 Hold, 4 Sell
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Today's Overall Ratings:
Up: 19 | Down: 7 | New: 26
UBS reiterates a 'Buy' on Intel (NASDAQ: INTC) price target raised from $31 to $34.
UBS analyst says, "In conjunction with UBS Global I/O, “Data Center Capex Growth Accelerating,” with UBS forecasting +49% y/y 2012 aggregate data center capex from +32% in 2011, we analyze how capex has tracked with Intel server processor sales and show the potential for 7% upside to our 2012E $2.60 EPS. Given expected sustainability of these trends based on market growth and Intel’s strong competitive position, we reiterate our rating and raise our price target to $34 on raised longer-term assumptions for revenue growth and operating margin in our DCF model."
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 $26.74 yesterday, with a 52 week range of $19.16-$27.00.
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UBS analyst says, "In conjunction with UBS Global I/O, “Data Center Capex Growth Accelerating,” with UBS forecasting +49% y/y 2012 aggregate data center capex from +32% in 2011, we analyze how capex has tracked with Intel server processor sales and show the potential for 7% upside to our 2012E $2.60 EPS. Given expected sustainability of these trends based on market growth and Intel’s strong competitive position, we reiterate our rating and raise our price target to $34 on raised longer-term assumptions for revenue growth and operating margin in our DCF model."
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 $26.74 yesterday, with a 52 week range of $19.16-$27.00.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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