Deutsche Bank Reiterates Buy on Intel

Deutsche Bank is out with its report today on Intel INTC, reiterating Buy. In a note to clients, Deutsche Bank writes, "We continue to view Intel's shares as being undervalued as we believe investors underestimate the co's ability to consistently monetize its dominant position in its core mkts, grow in new mkts and deliver high margins. Reiterate Buy rating and $27 P/T." At the time of posting, shares of INTC were trading pre-market at $22.48, up 1.22% from Friday's close.