www.forbes.com/2006/06/19/intel-0619markets13.html
people ) to "buy" from "neutral" and upped the price target to $23 from $21. UBS analyst Thomas A Thornhill said the upgrade was due to improved longer-term gross margins and near-term operating-margin leverage that make Intel more competitive. Other catalysts driving growth at Intel include accelerating year-over-year processor unit growth trends, sustained growth with less volatility and a better-than-expected outlook, which Thornhill said could help stabilize market share between Intel and its No.
At its current valuation, Thornhill said Intel stock is a good buy for investors seeking reasonable upsides with manageable risks. Still, the analyst cautioned there were risks to his forecast for Intel. For one, the financial markets' current weak outlook on the economy could negatively impact Intel sales growth, which has historically paralleled global gross domestic product growth. Thornhill added that near-term issues could hold down the stock, or Advanced Micro Devices could prove to be more resilient and detrimental to Intel's business model than expected.
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