UBS Warburg Upgrades Intersil to 'Buy'

Analyst Alex Gauna likes chip maker's attractive valuation and potential for upside earnings

UBS Warburg upgraded Intersil (ISIL ) to buy from hold. Analyst Alex Gauna says the chip maker is benefiting from stronger than expected wireless local area network (LAN) trends -- an abatement to some competitive concerns. He believes concerns are reflected in the stock following a series of public announcements.

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