UPDATE: Correction - Jefferies Lowers Estimates on Intel (INTC); Macro and Win-8 Issues?...or New Seasonality?
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Price: $24.08 +0.17%
Rating Summary:
23 Buy, 25 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
23 Buy, 25 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Trade INTC Now!
(Updated - September 10, 2012 8:30 AM EDT)
Correction - Jefferies maintains a 'Hold' on Intel (NASDAQ: INTC) price target of $29.00.
Analyst, Mark Lipacis, said, "INTC lowered its 3Q revenue outlook by 770bps at the mid-point, and is now expecting 3Q revs to decline by 2% QQ. We believe there is a stronger than normal inventory purge in front of the Win 8 OS launch (Oct-26)(Nasdaq: MSFT) due to macro concerns. However, we resist the urge to get too negative because Intel's shift in product introductions likely means a stronger than normal 1Q. We remain Hold rated on the stock."
Current quarter EPS estimate lowered from $0.61 to $0.51, FY12 from $2.47 to $2.21 and FY13 from $2.67 to $2.46.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $24.19 yesterday, with a 52 week range of $19.52-$29.27.
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Correction - Jefferies maintains a 'Hold' on Intel (NASDAQ: INTC) price target of $29.00.
Analyst, Mark Lipacis, said, "INTC lowered its 3Q revenue outlook by 770bps at the mid-point, and is now expecting 3Q revs to decline by 2% QQ. We believe there is a stronger than normal inventory purge in front of the Win 8 OS launch (Oct-26)(Nasdaq: MSFT) due to macro concerns. However, we resist the urge to get too negative because Intel's shift in product introductions likely means a stronger than normal 1Q. We remain Hold rated on the stock."
Current quarter EPS estimate lowered from $0.61 to $0.51, FY12 from $2.47 to $2.21 and FY13 from $2.67 to $2.46.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $24.19 yesterday, with a 52 week range of $19.52-$29.27.
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