Replies to post #122562 on Intel Corp (INTC)

[stockstranger]

A little more color...

Jefferies upgraded Intel (NASDAQ: INTC) from Hold to Buy with a price target of $30.00 (from $27.00).

Analyst Mark Lipacis said, "We believe INTC offers one of the best alpha generation opportunities in semis: 1) it is finally focusing its manufacturing leadership to make MPUs that are lower power, higher performance and cheaper than competitive solutions. This new focus should translate to share gains in sub-$500 tablets, 2-in-1 PCs and handsets. 2) Consensus incorrectly assumes INTC's x86 MPUs have an inherent disadvantage vs ARM, and its 3yr, $60b investment nets to zero advantage."

The firm trimmed FY 2013 EPS from $2.02 to $1.88 but raised FY 2014 EPS from $2.06 to $2.15.

For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.

Shares of Intel closed at $22.63 yesterday, with a 52 week range of $19.23-$25.98.

[chmcnfunds]

Intel upgraded to buy with $30 target: Jefferies

Sept. 13, 2013, 8:35 a.m. EDT
NEW YORK (MarketWatch) --

Intel Corp. INTC +1.77% was upgraded to "buy" from "hold" Friday by Jefferies, with analysts lifting the technology company's share price target $3 higher to $30. Vast spending of $60 billion on research and development and capital expenditures between 2011 and 2013 will help the company develop strong new products, wrote lead analyst Mark Lipacis. "Our $30 price target assumes a 14x multiple on our 2014 GAAP EPS forecast of $2.15, which is consistent with the SPX and below the 14% historical premium,' he said in the report.

Shares of Intel were up 1.8% in premarket trade at $22.63.
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INTC

[chmcnfunds]

Intel upgraded to buy with $30 target: Jefferies

Sept. 13, 2013, 8:35 a.m. EDT
NEW YORK (MarketWatch) --

Intel Corp. INTC +1.77% was upgraded to "buy" from "hold" Friday by Jefferies, with analysts lifting the technology company's share price target $3 higher to $30. Vast spending of $60 billion on research and development and capital expenditures between 2011 and 2013 will help the company develop strong new products, wrote lead analyst Mark Lipacis. "Our $30 price target assumes a 14x multiple on our 2014 GAAP EPS forecast of $2.15, which is consistent with the SPX and below the 14% historical premium,' he said in the report.

Shares of Intel were up 1.8% in premarket trade at $22.63.
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INTC