UPDATE: Stifel Reiterates On Intersil Corp On Positive Growth Outlook

In a report published Tuesday, Stifel analyst Tore Svanberg reiterated a Buy rating on

, and raised the price target from $19.00 to $20.00. In the report, Stifel noted, “We recently met with Intersil's (ISIL) President & CEO Necip Sayiner and investors at the company's headquarters in Milpitas, CA. Mr. Sayiner has held the helm at Intersil for the past 18 months. He was appointed by the company's Board to turnaround the company. Having determined that a talent base still existed within Intersil and that the company's technology remains formidable, Mr. Sayiner assembled a high-caliber executive team to help turn the company around through a rebuilding of its fundamentals.” Intersil Corp closed on Monday at $15.44.