Barclays Sees Intel (INTC) as Among Cheapest in Semiconductors and Lifts Rating to 'Overweight'
- Stocks and yen struggle as tech troubles weigh
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen hits fresh 34-year lows against dollar ahead of BOJ meeting
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
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- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
RBC Capital Reiterates Sector Perform on Intel (INTC) Following 3Q Beat
October 19, 2016 9:09 AM EDTRBC Capital reiterated a Sector Perform rating on Intel (NASDAQ: INTC), and cut the price target to $37.00 (from $38.00), following the company's 3Q earnings report. INTC reported revenues of $15.78B, ahead of the Street's $15.58B. EPS was reported at $0.80 vs. the Street's estimate of $0.73.
Analyst Amit Daryanani commented, "While investors will likely be... More
Nomura Securities Cuts Price Target on Intel (INTC) Following 3Q Report
October 19, 2016 8:33 AM EDTNomura Securities maintained a Buy rating on Intel (NASDAQ: INTC), and cut the price target to $40.00 (from $42.00), following the company's 3Q earnings report. Intel reported revenue and EPS of $15.8b and $0.80, higher than both estimates of $15.6b and $0.72. INTC guided revenue to $15.7b, below... More
Jefferies Cuts Price Target on Intel (INTC) Following Weak 4Q Outlook
October 19, 2016 7:37 AM EDTJefferies maintained a Buy rating on Intel (NASDAQ: INTC), and cut the price target to $46.00 (from $49.00), following the company's 3Q earnings report. 3Q revs of $15.8 billion increased by 9% YY, and beat the revised outlook of $15.6b. Non-GAAP EPS of $0.80 beat consensus by $0.07, and is... More