Deutsche Bank Maintains Bullish Stance On Intel Shares In Light Of 3Q14 Earnings
In a research note issued today, Deutsche Bank analyst Ross Seymore maintained a Buy rating on Intel (NASDAQ:INTC) with a $40 price target, following the company’s third-quarter results, posting EPS of $0.66 which was above DBe/Street estimates at $0.64/$0.65.
Seymore said, “Despite a significant increase in investor concern toward the semi sector, INTC posted strong results/guidance and increased its cash returns to shareholders. While 2015 commentary will not come until the co’s Nov 20th Analyst mtg, we remain confident in our thesis that INTC’s can continue to gain share in a stabilized PC market, see growth in DCG, shrink losses in Mobile, and return meaningful cash to shareholders ($16.4b repo remaining). This combination should lead to a market valuation multiple.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Ross Seymore has a total average return of 25.7% and a 68.1% success rate. Seymore has a 21.7% average return when recommending INTC, and is ranked #52 out of 3332 analysts.