Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Piper Jaffray Upgrades Intel

Piper Jaffray upgrades Intel (INTC) to outperform from market perform.

Analyst Richard Shannon says an improved outlook due to strong gross margin ramp during 2005 and a higher absolute level during 2006, is leading to higher earnings per share than previously estimated.

He believes the stock is highly correlated to material improvement in gross margins, which seems quite certain to occur in 2005. He says the prospect of share losses moderates his enthusiasm for Intel a little, but higher expected earnings per share power and gross margin ramp far outweigh those shorter-term concerns.

Shannon raises his $1.16 2005 earnings per share estimate to $1.24, and his $1.28 2006 earnings per shar estimate to $1.45. He raises his $25 target to $29.

blog comments powered by Disqus