Roth Capital Reiterates Buy Rating on Intel (INTC) Ahead of 2Q15 Reports

Roth Capital maintains a Buy rating and $37.00 price target on Intel (NASDAQ: INTC) ahead of 2Q15 earnings results. Analyst Krishna Shankar expects INTC to report weak 2Q15 results and guide conservatively.

Shankar commented, "We expect INTC to report weak 2Q15 results and guide conservatively to 5 to 8% revenue growth with weak PC sales (expected to be down 4 to 6% in 2015) and softening enterprise server/networking sales partially offset by strength in the datacenter segment. Recent data points on PC and enterprise demand have been negative from Micron (MU, Buy) and QLogic (QLGC, NC). Positives for 2H15 include Windows 10 introduction and stable gross margins driven by a rich datacenter mix."

For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.

Shares of Intel closed at $28.93 yesterday.

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