Credit Suisse Downgrades Intel Corporation to Neutral with Price Target $35

Brokerage firm Credit Suisse Downgrades its rating on Intel Corporation(INTC). As per the latest information, Credit Suisse Lowers the price target to $35 per share from a prior target of $45. The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by the stock financial advisor at Credit Suisse was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 13, 2017, Jefferies said it Downgrades its rating on Intel Corporation. The shares have been rated ‘Hold’ by the firm. On Mar 1, 2017, Bernstein said it Downgrades its rating on Intel Corporation. According to the research note, Bernstein Lowers the price target to $30 per share from a prior target of $36. The shares have been rated ‘Underperform’ by the firm. On Feb 10, 2017, Canaccord Genuity said it Downgrades its rating on Intel Corporation. According to the research note, Canaccord Genuity Lowers the price target to $38 per share from a prior target of $43. The shares have been rated ‘Hold’ by the firm. On Jan 27, 2017, Morgan Stanley said it Upgrades its rating on Intel Corporation. The shares have been rated ‘Equal-Weight’ by the firm.

Intel Corporation (INTC) made into the market gainers list on Fridays trading session with the shares advancing 0.37% or 0.13 points. Due to strong positive momentum, the stock ended at $35.27, which is also near the day’s high of $35.33. The stock began the session at $35.31 and the volume stood at 3,07,78,867 shares. The 52-week high of the shares is $38.45 and the 52 week low is $29.5. The company has a current market capitalization of $166,757 M and it has 4,72,80,00,000 shares in outstanding.

Intel Corporation(INTC) last announced its earnings results on Jan 26, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $16.374B. Analysts had an estimated revenue of $15.740B. Earnings per share were $0.79. Analysts had estimated an EPS of $0.74.

Several Insider Transactions has been reported to the SEC. On Feb 27, 2017, Diane M Bryant (EVP, GM Data Center Group) sold 55,821 shares at $36.34 per share price.Also, On Feb 14, 2017, Andy D Bryant (Chairman) sold 80,645 shares at $35.26 per share price.On Feb 3, 2017, Brian M Krzanich (CEO) sold 79,054 shares at $36.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs) original design manufacturers (ODMs) and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks 2 in 1 systems desktops servers tablets smartphones and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Company’s operating segments include the PC Client Group (PCCG) the Data Center Group (DCG) the Internet of Things Group (IOTG) the Mobile and Communications Group (MCG) the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group Netbook Group and New Devices Group.

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