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Intel Corporation Message Board

  • sujit_98 sujit_98 Apr 4, 2013 1:44 PM Flag

    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.

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