Macquarie's Asia Tech Tour Is Incrementally Positive For Intel (INTC)

Macquarie analyst, Srini Pajjuri, reiterated his Outperform rating on shares of Intel (NASDAQ: INTC) highlighting 3 key points from his Asia Tech tour:

1) CPU shortage was a common theme during our trip, along with some pockets of excess inventory. But end-demand looks largely stable across segments.

2) Trade war and currency issues are causing some uncertainty in Q4, but have had limited impact on order patterns thus far.

3) The analyst came away incrementally positive on INTC and Micron Technology (NASDAQ: MU)
.

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 $46.46 yesterday.

You May Also Be Interested In

• Popular stocks with increasing option volume: INTC MU MSTR SPCX MRNA AVGO PLTR NFLX PFE SOFI NBIS COIN
• Home Depot (HD) PT Raised to $373 at Truist Securities
• Wolverine World Wide (WWW) PT Raised to $20 at Williams Trading