Nomura/Instinet Remains Bullish on Intel (INTC) Following Call
Nomura/Instinet reiterated a Buy rating and $50.00 price target on Intel (NASDAQ: INTC) following an investor call. The call comes following various articles in the media stating that x86-based chipsets produced over the past decade may feature a design flaw that could compromise security at the hardware level. Management stated that the issue is only confined to its processors, and that it has embarked on an industry-wide collaboration with AMD/ARM, OS providers, and OEMs to implement mitigations within the next few weeks.
Management established that the issue is not exclusive to its datacenter or PC clients, and that the performance degradation will depend on the size of the workload. Analyst Romit Shah believes that the impact this design flaw may have to Intel’s financials and long-term market share are minimal.
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 $44.43 yesterday.