Deutsche Bank Maintains Buy on Intel

Deutsche Bank is out with its report today on Intel INTC, maintaining Buy. In a note to clients, Deutsche Bank writes, "We believe Intel is well positioned to benefit new product introductions, improved execution and stable PC demand. Additionally, we expect MPU price competition to remain benign due to AMD AMD being fabless and non-core segments such as NAND NAND to show y/y improvement. Due to a combination of industry-wide and company-specific factors we expect Intel to generate record earnings and free cash flow in 2011. Combined with an above-average dividend yield, we rate Intel a Buy." At the time of posting, shares of INTC were trading at $22.34, down 0.13% from Friday's close.