Jefferies Starts Intel (INTC) at Hold

July 19, 2011 7:51 AM EDT
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Price: $96.98 -5.84%

Rating Summary:
    24 Buy, 39 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 18 | New: 23
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Jefferies initiates coverage on Intel (NASDAQ: INTC) with a Hold rating and $34 price target, suggesting 12% upside.

The firm cited: "1) Server and Sandy Bridge strength 2) Softness in Consumer PC."

Key risks cited by the firm include tablet cannibalization increases, smartphone/Tablet delay.

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.


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