Evercore Maintains on Intel - Intel (NASDAQ:INTC)

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In a report published Friday, Evercore analyst Patrick Wang maintained Underweight on

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Intel

(NASDAQ: INTC), keeping its $20.00 price target. According to the report, regardless of seemingly better consumer PC data points and improving investor sentiment a cautious view is maintained over INTC.“It's lonely up in the Cloud as Intel basically has a monopoly (3Q13: 97% server unit share),” the report noted. “But no worries, we expect a slew of ARM-based solutions to join them over the course of this year starting with AMCC's X-Gene 1 (launch now). Will Intel be able to continue its impressive ASP trends (+5% from '08 to '13) while defending share?”Some key points from the report include: -Desktop +12% YoY in 4Q -Tablet profitability unclearINTC closed Thursday at $26.54.