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Fly News Breaks for June 22, 2018
INTC
Jun 22, 2018 | 07:10 EDT
MKM Partners analyst Ruben Roy kept his Buy rating and $61 price target on Intel after the company's abrupt CEO resignation, saying Brian Krzanich had already come under some investor scrutiny in the past 6 months related to his stock sales ahead of the public announcement of a processor security flaw. The analyst maintains that the company's management pool is deep while shares remain attractively priced, trading at a discount to its peers with a multiple of 13.0-times expected FY19 earnings vs. 17.5-times peer group average.
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