FBR Capital Markets Reiterates Market Perform Rating, $30 PT on Intel Corporation

In a report published Monday, FBR Capital Markets reiterated its Market Perform rating and $30.00 price target on Intel Corporation (NASDAQ: INTC).

FBR noted, “Intel has sustainable advantages in manufacturing, its product roadmaps, process leadership, technology leadership (high-K, 3D transistors), and scale. However, tablets and smartphones are tempering growth in Intel's core business, and with some WoA risks. Thus, we highlight BRCM as our preferred large-cap semiconductor pick, with more fundamental tailwinds in the shift to 3G and 4G smartphones and with other product cycles.”

Intel Corporation closed on Friday at $25.25.

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