Market Overview

UPDATE: Deutsche Bank Reiterates Buy Rating, Lowers PT on Intel Corporation

Related INTC
Linear Technology Beats on Q4 Earnings on Increased Volumes
Will Altera Corp. (ALTR) Beat Earnings Estimate this Season?
The One Negotiating Strategy You Need to Know (Fox Business)

In a report published Friday, Deutsche Bank reiterated its Buy rating on Intel Corporation (NASDAQ: INTC), but lowered its price target from $28.00 to $26.00.

Deutsche Bank noted, “Intel delivered 4Q12 results largely in-line with guidance and expects 1Q13 to return to normal seasonality, in-line with expectations. More positively Intel continues to see strong demand for its high-end products and saw continued growth in blended ASPs. However, INTC continues to invest heavily in fabs and R&D despite muted revenue growth and this is likely to pressure free cash flow in 2013. We expect this spending-driven headwind to keep the shares range-bound in the short-term, but maintain our Buy rating and $26 P/T on prospects for revenue growth and generally improved returns in 2H13/2014.”

Intel Corporation closed on Thursday at $22.68.

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (INTC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free

Benzinga Professional