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Needham & Company Reiterates Hold Rating on Intel (INTC)

February 28, 2020 7:39 AM EST

Needham & Company analyst Quinn Bolton reiterated a Hold rating on Intel (NASDAQ: INTC) after reducing 1Q20 and 2Q20 estimates to reflect the impact of the ongoing COVID-19 outbreak. Needham & Company lowered 1Q20 and 2Q20 revenue/NG EPS estimates to $18.0bn/$1.14 and $18.0bn/$1.18 from $19.0bn/$1.30 and $18.5bn/ $1.27,... More