Encompass to Manage Supply of Technology Components for Select Intel Computers

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Go back to Encompass to Manage Supply of Technology Components for Select Intel Computers

Citi Cautious on Intel (INTC): 'we expect the PC downturn to negatively impact both and our estimates remain below Consensus'

January 10, 2023 4:06 PM EST

Citi analyst Christopher Danely reiterated a Neutral rating and $27.00 price target on Intel (NASDAQ: INTC).

The analyst comments "December notebook shipments were up 1% MoM, 5% below Citis expectation due to continued inventory digestion and demand deterioration. Overall 4Q22 shipments were down 16% QoQ, 2%... More