Intel "buy," target price raised

08.04.09 - Wedbush Morgan Securities

NEW YORK, April 8 (newratings.com) - Analysts at Wedbush Morgan maintain their "buy" rating on Intel Corporation (INTC). The 12-month target price has been raised from $16 to $17.

In a research note published this morning, the analysts mention that the company is expected to report its 1Q revenues marginally ahead of its guidance and the consensus expectations, driven by a rebound in notebook and desktop demand. The continued order momentum is likely to prompt the company to guide to sequential growth in 2Q, the analysts add. Intel?s margins are expected to rebound ahead of its peers going forward, Wedbush Morgan says.