Upgrades, downgrades - most of them are idiots writing "some things" up to make their "case" - like "falling off the cliff" or "the company’s most important product cycles ever".
And Savitz will post anything - suddenly everything is considered hunky dory - when was the first time Sandy Bridge was mentioned on this board?
Intel: Morgan Stanley Upgrades; Gets Bullish On Sandy Bridge
By Eric Savitz
Morgan Stanley analyst Mark Lipacis this morning raised his rating on Intel (INTC) to Overweight from Equal Weight, while setting a price target of $26; the stock closed yesterday at $21.04.
Lipacis notes that INTC has lagged the SOX by 12% over the past 6 months, and by 39% since the end of 2008. He thinks the weak performance reflects concerns on inventories, a consumer PC slowdown, iPad cannibalization and gross margin erosion, but contends all of that is now baked into the shares.
“Looking forward, we think Intel’s new Sandy Bridge platform, which we expect will ramp in Q1 2010, will be viewed as one of the company’s most important product cycles ever,” he writes. “We think Sandy Bridge
expands Intel’s addressable market into discrete graphics, and enables the next generation of smaller, optimized PC computing devices.”
Lipacis upped his 2011 EPS forecast to $1.70, from $1.60.
INTC is down 7 cents, at $20.97. (Note that the Nasdaq Composite down about 1.2% at the moment.) |
