UPDATE: Deutsche Bank Raises PT to $15 on Intersil; Analyst Day
Deutsche Bank raids its price target from $13 to $15 on Buy-rated Intersil (NASDAQ: ISIL) following the company's Analyst Day.
Deutsche Bank comments, "Step in the right direction. We attended ISIL's analyst day and came away incrementally more positive about the co's growth prospects and significantly more positive on its profitability. While mgmt remains focused on growth, it made the long-awaited and important decision to right-size opex. As legacy pdt headwinds subside and growth businesses become more visible, we expect ISIL's EPS power to significantly improve in 2H12/13."
ISIL closed at $10.66 on Tuesday.
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