Wedbush Assumes Coverage on Intel (INTC) at Neutral; Computing Giant Integrates New Parts & Tackles Rapidly Growing Markets
Tweet
Share
E-mailGet Alerts INTC Hot Sheet
Price: $90.73 -1.52%
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Wedbush assumes coverage on Intel (NASDAQ: INTC) with a Neutral (from Outperform). PT $25 (from $27).
Wedbush analyst says, "While we believe the uncertain macro outlook will likely weigh on the stock in the near-term, as we look beyond these industry wide challenges, we think Intel will trade in-line with our universe as the computing giant (1) integrates new businesses, (2) creates a new category in the traditional notebook/tablet market with “Ultrabooks”, and (3) makes its bid to be a player in the rapidly growing smartphone and tablet markets with its x86 architecture against the incumbent ARM-based CPUs."
For more ratings news on Intel click here and for the rating history of Intel click here.
Shares of Intel closed at $22.28 yesterday.
Wedbush analyst says, "While we believe the uncertain macro outlook will likely weigh on the stock in the near-term, as we look beyond these industry wide challenges, we think Intel will trade in-line with our universe as the computing giant (1) integrates new businesses, (2) creates a new category in the traditional notebook/tablet market with “Ultrabooks”, and (3) makes its bid to be a player in the rapidly growing smartphone and tablet markets with its x86 architecture against the incumbent ARM-based CPUs."
For more ratings news on Intel click here and for the rating history of Intel click here.
Shares of Intel closed at $22.28 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Needham Starts Faeth Therapeutics (FTH) at Buy
- DA Davidson Starts Everus (ECG) at Buy
- Keefe, Bruyette & Woods Resumes Bank of Nova Scotia (BNS:CN) (BNS) at Outperform
Create E-mail Alert Related Categories
Downgrades, New CoverageSign 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!
