Barclays Maintains an 'Equalweight' on Intel (INTC); Separating Itself From The Pack

Barclays maintains an 'Equalweight' on Intel (NASDAQ: INTC) price target raised $2 to $30.

Analyst, C.J. Muse, viewed Intel's Analyst Day as upbeat, with positive commentary from each of INTC's business segments. Muse believes Intel's competitive advantage is increasing vs. peers, with sustained leadership in PC/Servers, and expanding in Mobility.

Muse said, "Reflecting +5% growth in PCCG and +15% in DCG from +4% and +13% prior and we take our revenue/EPS estimates higher for CY12 to $57.2B/$2.52 (old $57.0B/$2.47, cons $57.1B/$2.50). We now model CY13 revenue/EPS of $61.3B/$2.80 (old $59.8B/$2.62, consensus $61.2B/$2.68)."

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 $27.24 yesterday.

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