Deutsche Bank Maintains a 'Buy' on Intel (INTC) as Shares Remain Attractive; Cut Estimate as Company Not Immune
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Price: $103.49 +0.97%
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Deutsche Bank maintains a 'Buy' on Intel (NASDAQ: INTC) price target of $30.00 (from $33.00).
Deutsche analyst said, "INTC lowered 3Q12 guidance driven by soft macro demand (enterprise/emerging), reduced customer inventory and a lack of Win 8-related builds...Looking forward, we believe this weakness is primarily macro driven and not INTC-specific...We continue to believe INTC can outgrow its competition in MPUs while delivering strong growth in DCG and in its non-PC areas."
Q3 EPS estimate lowered from $0.61 to $0.50, revenues from $14.3B to $13.2B. Sees FY12 revs -4% year-over-year. FY13 EPS lowered from $2.70 to $2.40 on revenues of $57.5B.
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 $25.10 yesterday.
Deutsche analyst said, "INTC lowered 3Q12 guidance driven by soft macro demand (enterprise/emerging), reduced customer inventory and a lack of Win 8-related builds...Looking forward, we believe this weakness is primarily macro driven and not INTC-specific...We continue to believe INTC can outgrow its competition in MPUs while delivering strong growth in DCG and in its non-PC areas."
Q3 EPS estimate lowered from $0.61 to $0.50, revenues from $14.3B to $13.2B. Sees FY12 revs -4% year-over-year. FY13 EPS lowered from $2.70 to $2.40 on revenues of $57.5B.
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 $25.10 yesterday.
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