Citi Maintains 'Buy' Rating on Intel (INTC), Lowers Price Target to $27
Citi maintains 'Buy' rating on Intel Corp (NASDAQ: INTC), but lowers price target from $33 to $27.
Citi analyst says, "We rate the shares of Intel Corp Buy/ Medium Risk. We believe consensus estimates for Intel are too low, as they inadequately reflect the potential for Intel to improve operating margins via expense controls. Armed with a new micro-architecture, Intel also appears poised to stem market share losses to rival Advanced Micro Devices, particularly in the white box channel. Against a positive backdrop for PCs, helped by the launch of Microsoft's new operating system, Vista, we believe Intel's shares are poised for improvement."
Intel Corporation is a semiconductor chip maker, developing advanced integrated digital technology platforms and components, primarily integrated circuits, for the computing and communications industries.
Citi analyst says, "We rate the shares of Intel Corp Buy/ Medium Risk. We believe consensus estimates for Intel are too low, as they inadequately reflect the potential for Intel to improve operating margins via expense controls. Armed with a new micro-architecture, Intel also appears poised to stem market share losses to rival Advanced Micro Devices, particularly in the white box channel. Against a positive backdrop for PCs, helped by the launch of Microsoft's new operating system, Vista, we believe Intel's shares are poised for improvement."
Intel Corporation is a semiconductor chip maker, developing advanced integrated digital technology platforms and components, primarily integrated circuits, for the computing and communications industries.
