Intel ?outperform,? estimates raised

04.09.07 - Credit Suisse

NEW YORK, September 4 (newratings.com) ? Analysts at Credit Suisse reiterate their "outperform" rating on Intel Corporation (INTC), while raising their estimates for the company. The target price is set to $35.

In a research note published this morning, the analysts mention that checks indicate that the company?s unit growth in 3Q is tracking ahead of expectations. The q/q unit growth estimate for the quarter has been raised from 9% to 11%. The pricing environment appears to be stabilizing, the analysts add. The EPS estimate for 3Q has been raised from $0.29 to $0.31.