JPMorgan Downgrades Intersil (ISIL) to Underweight

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Intersil (ISIL) Consumer Sales Show Positive Read-Through for Cirrus Logic (CRUS)

October 10, 2012 9:55 AM EDT

Canaccord Genuity maintained a Buy rating on Intersil (NASDAQ: ISIL) but cut its price target of $9.00 (from $13.00) in the wake of the company's release of preliminary Q3 revenue data.

"With PC weakness now incorporated into estimates, ISIL is likely to trade higher with a... More