Intel suspends dividend as Q2 results miss estimates on margin woes; shares slump
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Intel (INTC) PT Lowered to $25 at Citi
August 2, 2024 8:13 AM EDTCiti analyst Christopher Danely lowered the price target on Intel (NASDAQ: INTC) to $25.00 (from $35.00) while maintaining a Neutral rating.
The analyst comments "Yesterday after the close, Intel reported results and guidance well-below Consensus mainly due to weakness in its PC businesses (58% of 2Q24... More
Intel (INTC) PT Lowered to $27 at Cantor Fitzgerald
August 2, 2024 6:37 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on Intel (NASDAQ: INTC) to $27.00 (from $40.00) while maintaining a Neutral rating.
The analyst comments "Intel missed both June results and September guide across nearly every metric weaker topline for nearly every segment in the June Q (worst in DCAI) and revenues for the September Q missing by $1.5B or 10% (Client guided lower Q/Q vs. typically seasonally strong) while Gross Margins for both June/September missed consensus by 500bps/780bps. The major culprit to Gross Margins was migrating Meteor Lake to Intel 4/3... More
Intel (INTC) PT Lowered to $25 at Roth/MKM
August 2, 2024 6:12 AM EDTRoth/MKM analyst Suji Desilva lowered the price target on Intel (NASDAQ: INTC) to $25.00 (from $35.00) while maintaining a Neutral rating.
The analyst comments "INTC guided 3Q24 revenue and gross margin well below consensus reflecting higher than expected client product costs. While... More
Intel (INTC) PT Lowered to $27 at Deutsche Bank
August 2, 2024 5:53 AM EDTDeutsche Bank analyst Ross Seymore lowered the price target on Intel (NASDAQ: INTC) to $27.00 (from $38.00) while maintaining a Hold rating.
The analyst comments "Beyond delivering in-line 2Q revenue, the companys report was disappointing on nearly every other near-term financial metric with... More
