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Go back to Wall Street ticks higher, but chip stocks tumble

Needham & Company Reiterates Hold Rating on Intel (INTC) Following 3Q Beat

October 25, 2019 7:55 AM EDT

Needham & Company analyst N. Quinn Bolton reiterated a Hold rating on Intel (NASDAQ: INTC) following the company's 3Q report. 3Q19 revenue of ~$19.2bn set a quarterly record, beating guidance by ~$1.2bn; record revenue came from DCG, NSG, IOTG and Mobileye.

INTC guided 4Q19... More

Thermo Fisher Scientific (TMO) PT Raised to $331 at Needham & Company

October 24, 2019 6:57 AM EDT

Needham & Company analyst Stephen Unger raised the price target on Thermo Fisher Scientific (NYSE: TMO) to $331.00 (from $321.00) while maintaining a Buy rating.

The analyst commented, "We are updating our financial model for TMO following yesterday's release of 3Q19 results. We have raised our 2019 EPS estimate... More