Intel initiated with "buy"

10.04.08 - Wedbush Morgan Securities

NEW YORK, April 10 (newratings.com) - Analysts at Wedbush Morgan initiate coverage of Intel Corporation (INTC) with a "buy" rating. The 12-month target price is set to $25.

In a research note dated April 8 and published yesterday, the analysts mention that the company has a robust fundamental position and continues to benefit from Advanced Micro Devices? recent stumbles. Intel has strengthened its presence in servers with Harpertown, maintained its share in the desktop market with attractive pricing on Pentium and Core 2 chips and is executing well on notebooks with the Montevina technology, the analysts say.