Citadel Securities Reiterates an 'Add' on Intel (INTC); 2Q Preview: Echoes of 1Q
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Price: $102.50 --0%
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Citadel Securities reiterates an 'Add' on Intel (NASDAQ: INTC), PT $27.
Citadel analyst says, "Intel is scheduled to report 2Q11 results on July 20th. We expect sales to clock in modestly above the midpoint of guidance of $12.8B (Street: $12.8B), driven by strength in servers and slightly better than seasonal motherboard and notebook ODM shipments (+8% qoq in aggregate, vs. typical seasonality of +3%)...With sentiment low (short interest just off a 2-yr high) and estimates poised to move higher into 2H11, Intel at 9x 2012 EPS estimates easily screens as our best idea in an otherwise fundamentally challenged sector. We'd look to add to positions ahead of the upcoming report."
For more ratings news on Intel click here and for the rating history of Intel click here.
Shares of Intel closed at $22.37 yesterday.
Citadel analyst says, "Intel is scheduled to report 2Q11 results on July 20th. We expect sales to clock in modestly above the midpoint of guidance of $12.8B (Street: $12.8B), driven by strength in servers and slightly better than seasonal motherboard and notebook ODM shipments (+8% qoq in aggregate, vs. typical seasonality of +3%)...With sentiment low (short interest just off a 2-yr high) and estimates poised to move higher into 2H11, Intel at 9x 2012 EPS estimates easily screens as our best idea in an otherwise fundamentally challenged sector. We'd look to add to positions ahead of the upcoming report."
For more ratings news on Intel click here and for the rating history of Intel click here.
Shares of Intel closed at $22.37 yesterday.
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