Wedbush Raising Numbers on Intel (INTC), But Shares Fairly Valued
Tweet
Share
E-mailGet Alerts INTC Hot Sheet
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
Join SI Premium – FREE
Wedbush maintains a 'Neutral' on Intel (NASDAQ: INTC) price target raised from $26 to $28.
Analyst, Betsy Van Hees, said, "Although upbeat, highlighting several upcoming catalysts through the end of 2012, we maintain our rating. Intel was very upbeat highlighting several upcoming catalysts for 2012: (1) Ivy Bridge and Romley ramps, (2) hard disk drive (HDD) supply recovery, and (3) replenishment of PC supply chain. We maintain our NEUTRAL rating and think shares are fairly valued. We wouldn’t be surprised to see the stock trade in a narrow range until there is better visibility on Ultrabook adoption rates and Intel’s ability to gain traction in the mobile market."
Raises FY12 EPS estimate from $2.36 to $2.42 and FY13 from $2.54 to $2.58.
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.
Analyst, Betsy Van Hees, said, "Although upbeat, highlighting several upcoming catalysts through the end of 2012, we maintain our rating. Intel was very upbeat highlighting several upcoming catalysts for 2012: (1) Ivy Bridge and Romley ramps, (2) hard disk drive (HDD) supply recovery, and (3) replenishment of PC supply chain. We maintain our NEUTRAL rating and think shares are fairly valued. We wouldn’t be surprised to see the stock trade in a narrow range until there is better visibility on Ultrabook adoption rates and Intel’s ability to gain traction in the mobile market."
Raises FY12 EPS estimate from $2.36 to $2.42 and FY13 from $2.54 to $2.58.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Lithium Ionic Corp (LTH:CN) PT Lowered to Cdn$2.50 at Desjardins
- Apollo Hospitals (APLH:IN) PT Raised to INR8,500 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
