Nomura Securities Maintains a 'Neutral' on Intel (INTC); In-line Quarter and Guide From Next Wk

Nomura Securities maintains a 'Neutral' on Intel (NASDAQ: INTC), PT $23.

Nomura analyst, Romit Shah, said, "We believe an in-line quarter and guide from Intel next week will likely give shares a short-term boost. That said, we would be incrementally more cautious on strength. In our view, the stock is not discounting a challenging environment for PC demand, market share loss next year (Windows-on-ARM), and low cash flow generation. Our estimates are unchanged at $0.50 in Q2, $0.61 in Q3, and $2.30 in CY11."

For more ratings news on Intel click here and for the rating history of Intel click here.

Shares of Intel closed at $22.48 yesterday.

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