Intel (INTC) Could Preannounce Negative
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Rating Summary:
24 Buy, 23 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
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Analysts at Citigroup think a negative preannouncement by Intel (Nasdaq: INTC) is likely. Analyst Glen Young said in a note today that the chances of the negative preannouncement were “high.”
Citigroup maintained a Buy rating on Intel stock, but cut the price target to $32 from $34.
Analysts said the company’s guidance of 2.2-9.6 percent sequential growth was somewhat at risk. Low-single digit growth in the PC unit was also at risk.
Citi analysts cut FY12 EPS estimates on Intel to $2.25 from $2.36. For 2013 they cut estimates to $2.44 from $2.56.
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 $24.91 yesterday, with a 52 week range of $19.16-$29.27.
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Citigroup maintained a Buy rating on Intel stock, but cut the price target to $32 from $34.
Analysts said the company’s guidance of 2.2-9.6 percent sequential growth was somewhat at risk. Low-single digit growth in the PC unit was also at risk.
Citi analysts cut FY12 EPS estimates on Intel to $2.25 from $2.36. For 2013 they cut estimates to $2.44 from $2.56.
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 $24.91 yesterday, with a 52 week range of $19.16-$29.27.
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