Needham Cuts Intel (INTC) to Hold Following Q4 Outlook

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December 12, 2011 3:06 PM EST
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Price: $92.13 -0.72%

Rating Summary:
    24 Buy, 39 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 15 | New: 40
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Needham & Company's Quinn Bolton downgraded shares of Intel (NASDAQ: INTC) from Buy to Hold in a mid-day research note Monday. The analyst suspended his $26 price target.

Intel shares are down more than 4.5 percent this afternoon following a reduced Q4 outlook earlier. The company cited a supply shortage of HDD.

For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.

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