3 January 2018
Semiconductors
Intel
The views expressed in this report accurately reflect the personal views of the undersigned lead analyst(s) about the
subject issuer and the securities of the issuer. In addition, the undersigned lead analyst(s) has not and will not receive any
compensation for providing a specific recommendation or view in this report. Ross Seymore
Historical recommendations and target price. Intel (INTC,OO)
Hs cleb02720,8)
60.00 Current Recommendations
Buy
Hold
50.00 Sell
Not Rated
Suspended Rating
8 40.00
a. **Analyst is no longer at
Deutsche Bank
' 3000
20.00
10.00
0.00
Jan'15 Jul'15 Jan le Julie Jan 17 JuI17 Jan '18
Date
1. 01/1612015 Buy, Target Price Change USD 42,00 Ross Seymore 6. 07/13/2018 Buy, Target Price Change USD 40.00 Ross Seymore
2. 03/12/2015 Buy. Target Price Change USD 38,00 Ross Seymoro 7. 09/18/2016 Buy. Target Price Change USD 42.00 Ross Seymore
3. 04/15/2015 Buy, Target Price Change USD 37,00 Ross Seymore 8. 01/27/2017 Buy. Target Price Change USD 43,00 Ross Seymore
4. 12728/2015 Buy. Target Price Change USD 38,00 Ross Seymore 9. 10)27/2017 Buy, Target Price Change USD 45,00 Ross Seymore
5. 03/20/2016 Buy. Target Price Change USD 37.00 Ross Seymore 10 12/10/2017 Buy. Target Price Change USD 50.00 Ross Seymore
'Equity Rating Key Equity rating dispersion and banking relationships
Buy: Based on a current 12- month view of total share-holder
return (TSR = percentage change in share price from current
price to projected target price plus pro-jected dividend yield ) ,
we recommend that investors buy the stock.
Sell: Based on a current 12-month view of total share-holder
return, we recommend that investors sell the stock.
Hold: We take a neutral view on the stock 12-months out and,
based on this time horizon, do not recommend either a Buy
or Sell.
Newly issued research recommendations and target prices
supersede previously published research.
Deutsche Bank Securities Inc Page 3
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