Intel "buy"

07.01.08 - Stifel Nicolaus

NEW YORK, January 7 (newratings.com) - Analysts at Stifel Nicolaus & Company maintain their "buy" rating on Intel Corporation (INTC). The target price is set to $33.

In a research note published this morning, the analysts mention that following the recent decline, the company?s share price now reflects economic concerns and seasonality. The analysts add, however, that Intel?s share price does not reflect positive trends such as a 19% decline in internal inventories since the March quarter, the analysts say. Stifel Nicolaus & Company expects the company to post its December quarter revenues marginally ahead of the consensus. Intel could exceed the EPS estimates if it is able to achieve marginally higher-than-anticipated gross margins, the analysts add.