RBC Capital maintains an 'Outperform' on Intel (NASDAQ: INTC); Good Q2, but 3Q Macro Impact Visible with Fears Persistent
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Price: $90.07 -2.24%
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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RBC Capital maintains an 'Outperform' on Intel (NASDAQ: INTC) price target of $30.00 (from $33.00).
Analyst, Doug Freedman, said, "‘Beat and Slight Lower’ results are likely better-than-feared as 2012 revenues expectations are reset...Our FY12/’13 EPS estimate is reduced due to our lower growth estimate and reduced buy-back assumption. Our reduced buy-back (~$0.07 impact to EPS) is directly related to reduction of cash flows as a result of our and INTC revenue growth outlook."
Freedman lowers FY12 EPS estimate from $2.62 to $2.43 and FY13 from $3.00 to $2.58. FY12 revs cut from $57.4B to $55.61B, FY13 from $63.64B to $59.238B.
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 $25.38 yesterday.
Analyst, Doug Freedman, said, "‘Beat and Slight Lower’ results are likely better-than-feared as 2012 revenues expectations are reset...Our FY12/’13 EPS estimate is reduced due to our lower growth estimate and reduced buy-back assumption. Our reduced buy-back (~$0.07 impact to EPS) is directly related to reduction of cash flows as a result of our and INTC revenue growth outlook."
Freedman lowers FY12 EPS estimate from $2.62 to $2.43 and FY13 from $3.00 to $2.58. FY12 revs cut from $57.4B to $55.61B, FY13 from $63.64B to $59.238B.
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 $25.38 yesterday.
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