Nomura Securities Upgrades Intel (INTC) to Buy; 'Intel Is a Survivor'
Get Alerts INTC Hot Sheet
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 32
Join SI Premium – FREE
Nomura Securities upgraded Intel (NASDAQ: INTC) from Neutral to Buy with a price target of $42.00 (from $33.00), calling it a Survivor.
Analyst Romit Shah commented, "We find it remarkable that Intel is down less than 10% YTD (vs. PC supply chain incl. HDDs/ODMs/Memory down 30%+), considering that the company missed significantly on Q1 revenues (~$1bn light vs. original guidance), pushed out 10nm in Q2, and lowered guidance on DCG in Q4. We think the market is telling us that Intel is a survivor. In light of this resilience and our expectation for a strong year in the company’s Data Center Group (DCG) in 2016, we upgrade the shares to Buy and increase our TP from $33 to $42."
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 $34.75 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sprinklr Inc (CXM) PT Raised to $7.50 at Cantor Fitzgerald
- GitLab Inc (GTLB) PT Raised to $52 at Piper Sandler
- Dell (DELL) PT Raised to $500; TD Cowen: 'Phenomenal Results & Guidance'
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change, Hot Upgrades, UpgradesRelated Entities
NomuraSign 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!



Tweet
Share