Intel "outperform"

19.09.07 - Credit Suisse

NEW YORK, September 19 (newratings.com) - Analyst J Pitzer of Credit Suisse reiterates his "outperform" rating on Intel Corporation (INTC). The target price is set to $35.

In a research note published this morning, the analyst mentions that the company has declared that its 45nm Penryn product line is proceeding on track to be officially launched on November 12. Intel?s competitors are likely to find it challenging to replicate the 45nm process technology, the analyst says. The company?s competitive position in the market has been strengthened by this technology, Credit Suisse adds.