Bernstein Downgrades Intel (INTC) to Underperform
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Price: $102.50 -1.97%
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Intel (NASDAQ: INTC) is seeing some pressure after-hours Monday after Bernstein downgraded the stock from Market Perform to Underperform with a price target of $20.00 (from $24.00).
The firm sees a shift away from higher-end SKUs to lower-end SKUs over the next 12-18 months which could drive a 7-10% decline in notebook ASPs in 2013.
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 $22.68 yesterday.
The firm sees a shift away from higher-end SKUs to lower-end SKUs over the next 12-18 months which could drive a 7-10% decline in notebook ASPs in 2013.
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 $22.68 yesterday.
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