Intersil drops sharply, levels to watch The shares are seriously under-performing peers and the broader market this morning. The stock was downgraded by ISI Group and JP Morgan earlier today on end-market weakness and valuation. JP Morgan cut its price target to $5 and ISI reduced it's objective to $6. At the current price of $7.49, next support would be at $7.18.
Intersil M&A potential should support shares, says Susquehanna Susquehanna said Intersil's disappointing Q2 results were not a surprise as they had seen weakness in Asia and lowered their estimate accordingly. The firm believes management will mitigate its current revenue weakness through cost controls and noted its mention as a potential M&A candidate should provide a floor for shares. Susquehanna maintained its Positive rating but lowered its price target to $14 from $18 on Intersil shares.