Goldman Can't Get Excited About Intel (INTC), Not Even if Apple (APPL) Was Partner
Tweet Send to a FriendGet Alerts INTC Hot Sheet
Price: $24.04 +0.42%
Rating Summary:
23 Buy, 25 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
23 Buy, 25 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade INTC Now!
Goldman Sachs today maintained a Sell rating on Intel (NASDAQ: INTC) with a price target of $16.00. Analysts said rumors that Intel may be a foundry for Apple (Nasdaq: AAPL) was not a catalyst.
"We believe that Intel being a foundry for large customers such as Apple would dilute its margins and increase the long-term risk of excess supply (given high capex and potential share shifts among foundries). . . As we have written previously, we believe this business would be a negative for Intel’s multiple," said analyst James Covello.
For an analyst ratings summary and ratings history on Intel (NASDAQ: INTC) click here. For more ratings news on Intel click here.
Shares of Intel closed at $21.89 yesterday, with a 52 week range of $19.23-$29.27.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"We believe that Intel being a foundry for large customers such as Apple would dilute its margins and increase the long-term risk of excess supply (given high capex and potential share shifts among foundries). . . As we have written previously, we believe this business would be a negative for Intel’s multiple," said analyst James Covello.
For an analyst ratings summary and ratings history on Intel (NASDAQ: INTC) click here. For more ratings news on Intel click here.
Shares of Intel closed at $21.89 yesterday, with a 52 week range of $19.23-$29.27.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Jefferies Buyers of Jack In The Box (JACK) on Solid Results
- Wells Fargo Upgrades Rosetta Resources (ROSE) to Outperform, Shares Attractive
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Goldman Sachs
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
