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UPDATE: Deutsche Bank Raises PT to $15 on Intersil; Analyst Day

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Benzinga's Top Downgrades

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.

Latest Ratings for ISIL

DateFirmActionFromTo
May 2016CLSAInitiates Coverage onUnderperform
Mar 2016WedbushInitiates Coverage onOutperform
Mar 2016Drexel HamiltonInitiates Coverage onBuy

View More Analyst Ratings for ISIL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

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