Deutsche Bank Maintains a 'Buy' on Intel ( INTC); Raising Stakes at 22nm
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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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Deutsche Bank maintains a 'Buy' on Intel (NASDAQ: INTC) price target raised from $30 to $33.
Deutsche analyst, says, "Intel's 1Q12 results/guidance were largely in line with our expectations. The only surprise was the magnitude of 2Q GM impact from 22nm ramp a -4ppt hit from pulling in this ramp by 3-6 months. In the ST this raises product costs, but these costs should decline sharply in 2H12 as illustrated by 2012 GM guidance being unchanged. Overall, we believe these investments will put INTC further ahead of competitors and therefore incrementally raise our ests and P/T ($33)."
Lowers Q2 EPS from $0.55 to $0.52, raises FY12 from $2.45 to $2.50 and FY13 from $2.64 to $2.70.
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 $28.47 yesterday.
Deutsche analyst, says, "Intel's 1Q12 results/guidance were largely in line with our expectations. The only surprise was the magnitude of 2Q GM impact from 22nm ramp a -4ppt hit from pulling in this ramp by 3-6 months. In the ST this raises product costs, but these costs should decline sharply in 2H12 as illustrated by 2012 GM guidance being unchanged. Overall, we believe these investments will put INTC further ahead of competitors and therefore incrementally raise our ests and P/T ($33)."
Lowers Q2 EPS from $0.55 to $0.52, raises FY12 from $2.45 to $2.50 and FY13 from $2.64 to $2.70.
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 $28.47 yesterday.
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