Canaccord Genuity Maintains a 'Buy' on Intersil (ISIL); Strong Operating Leverage

Canaccord Genuity maintains a 'Buy' on Intersil (NASDAQ: ISIL) price target of $13.00.

Analyst, Bobby Burleson, said, "Strong operating leverage, greater confidence on growth, and a sector-high dividend yield keep us Buy rated on ISIL following Tuesday’s upbeat analyst day. We expect an 8-K with details of cost cutting and associated restructuring charges to be filed in coming weeks, allowing us to increase our 2013 EPS estimates meaningfully on higher operating margins. We also note management sounded confident regarding the timeline to achieving its updated revenue target of $200 million per quarter."

For an analyst ratings summary and ratings history on Intersil click here. For more ratings news on Intersil click here.

Shares of Intersil closed at $10.66 yesterday.

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