Citadel Securities Upgrades Intel (INTC) to Add on ASP lift
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Price: $102.50 -1.97%
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Citadel Securities upgraded Intel (NASDAQ: INTC) from Neutral to Add. PT increased from $23 to $25.
Citadel analyst says, "...We are also raising our 2011 and 2012 EPS estimates to $2.12 and $2.30 (Street at $2.03 and $2.20, respectively). The crux of our upgrade: ASPs look set to surprise to the upside through the course of the year. Additionally, our processor unit estimates tick higher - as we derate the threats from both tablets and AMD (NYSE: AMD). Lastly, we expect GMs to rise more than forecasted, given rising ASPs and declining unit costs."
For more ratings news on Intel click here and for the rating history of Intel click here.
Shares of Intel closed at $19.75 yesterday.
Citadel analyst says, "...We are also raising our 2011 and 2012 EPS estimates to $2.12 and $2.30 (Street at $2.03 and $2.20, respectively). The crux of our upgrade: ASPs look set to surprise to the upside through the course of the year. Additionally, our processor unit estimates tick higher - as we derate the threats from both tablets and AMD (NYSE: AMD). Lastly, we expect GMs to rise more than forecasted, given rising ASPs and declining unit costs."
For more ratings news on Intel click here and for the rating history of Intel click here.
Shares of Intel closed at $19.75 yesterday.
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