Nomura Securities Maintains a 'Reduce' on Intel (INTC): Q1 Preview - Bearish Points Holding Weight
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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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Nomura Securities maintains a 'Reduce' on Intel (NASDAQ: INTC) price target of $23.00.
Analyst, Romit Shah, continues his bearish tone, saying that despite Intel screening well (across Wall St.) as a defensive name, the Company will be challenged over the next few years. Shah also feels that there is downside to Q2 (consensus), citing challenges in PC unit growth.
Shah said, "We expect Q1 results to be largely in line with consensus estimates of $12.8bn/$0.50 and our estimates of $12.8bn/$0.49. Hard disk drive availability is loosening up though we see continued risk from shortages in servers...That said, we are forecasting revenue and EPS of $12.8bn/$0.48 in Q2, below consensus of $13.4bn/$0.54."
Shah doesn't see a spike in Ivy Bridge before mid-May, citing customers pause until the release of Windows8 (Nasdaq: MSFT).
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 $27.76 yesterday.
Analyst, Romit Shah, continues his bearish tone, saying that despite Intel screening well (across Wall St.) as a defensive name, the Company will be challenged over the next few years. Shah also feels that there is downside to Q2 (consensus), citing challenges in PC unit growth.
Shah said, "We expect Q1 results to be largely in line with consensus estimates of $12.8bn/$0.50 and our estimates of $12.8bn/$0.49. Hard disk drive availability is loosening up though we see continued risk from shortages in servers...That said, we are forecasting revenue and EPS of $12.8bn/$0.48 in Q2, below consensus of $13.4bn/$0.54."
Shah doesn't see a spike in Ivy Bridge before mid-May, citing customers pause until the release of Windows8 (Nasdaq: MSFT).
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 $27.76 yesterday.
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