Another day, Another analyst:Nomura Securities Trims Intel (INTC) Price Target to $18
Nomura Securities today maintained a Reduce rating on Intel(NASDAQ: INTC) and lowered its price target to $18.00 (from $19.00). The cut in Intel's price target comes ahead of the launch of its Haswell processors, which could have the single largest generation-to-generation battery life improvement in Intel's history.
"January through March are seasonally the weakest months of the year for PCs. This year is no different. PC demand is down 15% y-o-y. But Intel likely recognizes this pattern and into earnings we believe will stay cautiously optimistic on 2013; highlighting a greater mix of touch-enabled ultrabooks, lower price points ($499), and the launch of Haswell processors," analyst Romit Shah.
I can see how Nomura's rating really knocked down Intel's price today :-) . Meanwhile ARMH is down about 1.6%. Actually - I think most people are looking beyond a year from now. We all know Intel won't be blowing their numbers away for a while. What most people see - including the people selling ARMH - is what's coming 2 to 4 years down the road.